Hi everyone! Tricia here with a monthly update.
This month has been a lot better than last month even though there was a pinch from my medical bills. The total damage after insurance came to $560. I can’t really complain when the total bill for my mammogram, ultrasound and biopsy came to almost $2,000.
Back when we had $37,000 in credit card debt, those medical bills would have set me off the deep end. There would have been plenty of tears and moments of desperation. I can’t say how thankful I am that we managed to pull ourselves together, pay our credit cards off and stash some money in an emergency fund. It seemed like a long three years at the time, but in hindsight it doesn’t seem like it was that long at all. If you are having a hard time with keeping motivated to pay off debt, just keep at it. Trust me. It’s been worth it.
That leads me to mention that we are still credit card debt free. We are spending less than we earn and we still have money in the bank. We aren’t as far with contributing to our savings or paying towards our other debt balances as I had hoped, thanks to some financial set backs. None of them forced us back into credit card debt so I cannot complain. What we will do is keep chugging along.
In the last update, I mentioned that I had to sit down and do our taxes. Well, they are almost done. I usually go through them once and put in a few estimates if I can’t readily locate some paperwork. Then I go back in and finalize it. I’m at that point where I have to dig for paperwork. I am glad to report that we will be getting a tax refund just shy of $1,000. I thought for sure we didn’t pay enough in self-employment taxes but I guess we paid more than enough! Some new deductions we were able to take this year really helped and were a pleasant surprise.
What should we do with the windfall? My first thought (as always) is to get a nice LCD TV. I first wrote a post about how much I wanted one back in July of 2006 (that’s the really neat thing about blogging – you can look up dates like that 🙂 ). I am still mesmerized by them all of the time in the stores and I’ve watched the prices drop year after year. But we still haven’t bought one. Am I finally going to get one? No. As much as I still want one, I can’t do it. Our tax return is going to our savings account.
I will conclude this update with saying that April 24th will be a special day in our household – it marks exactly a year since our credit card debt was paid off. I can’t believe it has been almost a year. My, my, my, how the time does fly!
Till next time…take care everyone!