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Big Announcement – The Goal Date is Set


Goals scare me, because I don’t like to fail. I have been toying with naming a date to be credit card debt-free by and I have decided to just go for it.

Thanks to the debt calcuator at CNNMoney.com, it was determined that I could be debt-free in 3 years. Just imagine…$37K of credit card debt gone in three years. I like the sound of that πŸ™‚

The amount I have to pay monthly is a little over $1050/month (just for the credit cards – not counting other debt). That is a large chunk of our net monthly income, but it can definitely be done. Let me rephrase that…it WILL be done.

So, without further ado …

Target Date to be Free of Credit Card Debt: May 1, 2009

My game face is on, and I am ready to show my credit cards a thing or two πŸ˜‰

Tags: card+card, debt


  • Reply kassy |

    I found it helpful to have a target goal. I ran all the numbers through excel to compute the interest and made a wall chart showing how much i need to pay each month to meet the goal. the chart is posted on the wall so each month i get to put a big fat X through it, that way I have something to look forward to each month as well.

    Also have you checked out the No Credit Needed Network? NCN keeps track of all the members progress and makes pie charts for all of us. He’s good at motivating as well. http://ncnnetwork.blogspot.com/

  • Reply Lisa |

    Good for you! I think the goals will be very helpful as well. In fact, I am going to post my own goals sometime this weekend on my site. I think it is a great mechanism to help hold ourselves accountable, since it would be totally un-fun to report to the world that we decided to splurge and fell away from our goals because of it.

  • Reply Tricia |

    It is a large percentage of our income, but it can be done. I also plan on selling a lot of things which should bring in a few more dollars.

    The biggest thing is that we need to keep living as we were before our increase in income. Which, that is super hard to do once you have money and can have a few more things and “live a little richer” so to speak.

    It will be a journey, to say the least.

    Thanks everyone for your comments and words of support!! πŸ™‚

  • Reply Nancy |

    Finally I have found a blog that can inspire me.
    I have decided a month ago to work on reducing my debt. I’ve cancelled 2 vacations ( Nov and Dec) to meet my goal. Putting on my game face
    ( as you call it) was the last hurdle I had to jump. I have tweaked, crunched, and squeezed the numbers of my monthly budget.
    Target: 01 September 2007 debt free
    $ 14325.00
    Thanks for all your wonderful ideas and tips!

  • Reply Tricia |

    Nancy – wow, thank you. You are very welcome and I am glad my blog has information that others find useful as well.

    It sounds to me like your game face is on and you are ready to roll! Stop back by and give an update now and then if you can. I’d love to hear how you are doing.

    All the best!

  • Reply T |

    I found this blog via a friend just about a month ago, and have been reading it on and off since then.

    I do not have any debt myself, but several of my friends and loved ones do, and so reading this blog is very informative for me.

    I just want to say, to this long ago post, that it looks like you’re on track to hit the goal in this post. Even if you’ve changed that goal a little, later in this blog (which I don’t know yet), I just want to say that this is beyond impressive and into astounding.


So, what do you think ?