Busy, Busy, Busy

I've been so busy since the last post that I've failed to keep up with tracking payments. I will update the total shortly, and I look forward to a very Merry Christmas this year paying CASH for all gifts. :-)

$300 More Down! Chop, Chop, Chop!!

Made another little payment to the card. I LOVE watching that balance dwindle.

$1,400 Down!!

At this rate, we will be at a $0 balance in the Spring!!! I cannot remember the last time I owed no money to a credit card. I guess that would be at age 19 before I received my first credit card. How I look forward to saying good-bye to an almost-twenty year relationship with VISA. It's a divorce that should have happened years ago. :-)

$2,670 on the Credit Card

I am excited to report that, although I haven't been posting regularly, I've been knocking out that debt. Now that the home improvement loan is paid off, I am now focused on that final Credit Card!!!

In the past month, I've managed to pay $2,670.

This is broken down as such.

$350 from our regular family budget.
$1,320 from a large check of backlogged pay for my testing job (some of the money was from early July. They clearly are not on top of their invoicing)
$1,000 is from my current job. I have left the part-time testing job and taken on a job that I work from home, bringing in $2,000 a month!!!

I look forward to being debt-free, and paying off our house within 5 years once the VISA and Student Loan are paid off (within 1 year).

Can you imagine living a life of financial freedom? I can, and I'm almost there. It's an awesome feeling, especially in this time of uncertainty.

I hope my efforts and posts, although sporadic, have inspired you to do something that perhaps you never thought you could.

Blessings!!!

Where Are You Getting the Money?

A good question posted by "anonymous."

I work part-time as a test proctor, and the large chunk that I paid recently was the result of stockpiling my checks in savings and then making one big payment. The final payment was made thanks to a sweet and unexpected gift sent to me from my grandparents.

Also, the more debts that I pay off, the more money that is available in the monthly budget to put towards the next debt.

For example, the Home Improvement Loan was almost $200 a month.
The car payment I dropped this year was $225.
And, we dropped a child's tuition that was $350/mo.

Right there is an additional $775/mo. to throw at debt in addition to what I am earning in my part-time work.

It truly is a "Debt Snowball" as Dave Ramsey refers to it. The more you pay off, the more money you have to pay off more.

Try it. You'll see.


Blessings!

PAID OFF HI Loan (Final $809.19 pmnt)

I'm doing a dance!! The home improvement loan is G-O-N-E! Buh--bye!

What's left:

Credit Card
Student Loan

May seem like a lot, but it's far less than we had before this process started.

$1,320 down...Less than $1,000 to go!!!

I put one more chunk on the home improvement loan. And, it's almost down to 0. Then, we're kicking VISA out of the house next!!