It’s been very rough for me for the last few weeks. I’ve been working a lot, but now I get to see what that extra work was for. We were able to pay an additional $300 towards our credit card debt, bringing the total to $10,698.
Unless our economic stimulus payment arrives in the next two days, our credit card debt will stay at $10,698 through the end of the month. When I calculate my net worth at the end of the month, we’ll see how everything turns out. I’m pretty sure this month will end up being one of the best months we have had so far.
It’s too early to project how May will go. The economic stimulus payment will give a much needed boost to our debt reduction and put us under $10K (yay!). We should have some more extra money, but we may end up doing some repairs around the house. You can only put them off for so long and spring is the perfect time to do them. Then again, I think I said that last spring too!
So we’ll see how things go 
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About This Site
My Debt
- Original Debt: $38,495.86
- Paid: $19,149.13
- Remaining: $19,346.73
- Broken Down
- Auto Loan 1: $0
- Credit Card: $0 Woo Hoo!
- Student Loan: $9,501.52
- Auto Loan 2: $9,845.21
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Posted: April 28th, 2008 at 11:10 pm
Man you are just demolishing that debt! It feels like just a month ago you were announcing your halfway down landmark!
Posted: April 29th, 2008 at 11:30 am
Why not take 50% of your check and do something for your husband and you? Do something for the two of you and enjoy yourselves. Then use the other 50% to pay down the debt. Look at it this way, you didn’t have the money before, so 50% of it is better then 0%!!!
Posted: April 29th, 2008 at 11:42 am
I’m going to agree with Da Big D. Listening to the news every day on the way to work, I’ve been overly consumed by talk of the recession — and it’s depressing. I know it’s important to be smart with money, but it seems like you’ve had your ducks in a row for some time. Why not give yourself a little treat!
Posted: April 29th, 2008 at 11:42 am
Congrats! It is so inspiring to see your progress. I only hope I have that much luck someday. Your Progress was a subject of a blog post today.
http://anotherdayoflife.com/2008/04/29/personal-finance-for-everyone/
Posted: April 29th, 2008 at 12:12 pm
Wow. almost there, I agree with Da Big D, take a bit and splurge.
Posted: April 29th, 2008 at 12:52 pm
You are doing great on your debt! I can’t wait until mine is under 10k. I just reached the under 30k mark this week.
You should take a bit of the money and buy your self something! I totally agree with the other comments.
Posted: April 29th, 2008 at 5:20 pm
I hate to disagree with everyone but I DON’T think you should blow half of your tax payment ($750) on fun stuff. $100 maybe on a nice dinner if you really need the pick-me-up, but not the rest. I know your 0% credit card offer is only good until the end of the summer/early fall, and with the credit markets frozen, who knows how many good offers there will be out there? The more you can pay down now, the less you will have to pay later if you are stuck paying interest! I DO think you should do a little something nice for yourself — when your credit card balance hits $0 and you have money in the bank!
Posted: April 29th, 2008 at 5:52 pm
Do necessary maintenance (houses in your harsh climate suffer), but throw the rest at the debt. The relief you will feel when it is gone will last a lot longer than any short-term pleasure from spending.
Posted: April 29th, 2008 at 8:38 pm
You know…I wouldn’t have a clue on how to splurge with $750. Ok. Maybe there’s that LCD TV that keeps calling my name, but I told it to call back in a year or so
If we used half of it for something other than debt, it would go towards repairs for our house or maybe towards our upcoming business.
The current plan is to take $1,000 right off the bat at throw it at our debt. We’ll do some repairs around the home and then see what is left. Thank goodness our repairs are only minor and we can do them ourselves. But the little repairs add up.