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Savings Account is Fully Funded – It’s Time To Pay Off Some More Debt!


I finally finished updating our finances after our trip. I also paid a bunch of bills that were waiting for us after our trip (yuk). You can imagine my excitement when there was just enough money there to contribute $354 to our savings account. That brings the balance to the magic number we were shooting for – $4,000.

Now we can start focusing on paying off the last chunk of our debt. It sure seems to be stuck where it is, but hopefully that will change soon. We are on the home stretch, and it’s time to hit our debt hard again.

Here are a few things “in the works” to help us reach that glorious credit card balance of $0.00:

  • We are having a garage sale by the end of summer.
  • We are going to work hard to get our new business generating some income.
  • We are going to continue to try to reduce our expenses.
  • We are going to keep an eye out for little projects that we may be able to do to earn some extra money without a long commitment.

I feel like I’m missing something in there. Hmmm…maybe it will come to me later.

I am so excited to get cracking on this last little bit of our debt. At the same time, I am a little nervous. In less than a year I could be writing that post proclaiming that our credit card debt is at $0.00. I get butterflies in my stomach just thinking about it. We are so close now!


  • Reply Twiggers |

    Good for you Tricia! I can’t wait to see that ‘debt-free’ post!!!!

  • Reply fitwallet |

    Wow, congrats! That must feel amazing and so liberating.

    Just out of curiosity, how long did it take you to get up to $4,000 in the bank? I’m shooting for a similar savings goal and hoping I can do it by February of next year.

  • Reply Jen |

    Excellent!!! That must feel AWESOME! I’m also looking forward to your debt-free post!

  • Reply Jim ~ mydebtblog.com |

    You’re effort to get out of debt is very motivating for me. I’ve got to put back the 1k EF quickly (wife’s car accident drained it) so I can refocus on debt. While everyone is waiting for the debt free post, I’m waiting to see what happens when your debt gets to the 4k point. 🙂

  • Reply danielle |

    I’m glad. I really want to see you debt free, including the student loans.

  • Reply Frugal Dad |

    We’ve been beat up pretty bad thanks to Murphy, so we are in the process of rebuilding our savings as well. It’s hard not to put that money on our pile of debt.

  • Reply Adrian |

    That’s fabulous!! Now you can move into that “home stretch”. I’m sure it feels really good to cross that milestone. This has encouraged me today!!


    Adrian “@W”

  • Reply DebtDieter |

    Congratulations on hitting your goal of $4000! I got to my $2000 goal last month and it’s so comforting having that cushion there to land on if I need to.

    Looking forward to your next debt elimination update too!

  • Reply Nelson |

    I haven’t been able to save a penny for what seems like ages.

    I got butterflies thinking about being debt free myself after reading your post. LOL!

    I can’t wait until I get there myself.

    Congrats on your savings and debt reduction.

  • Reply Todd the Bod |

    It may also make sense to sell some things on eBay. And anything that you can’t sell at your garage sale or online can be taken to Goodwill for a tax deduction.

So, what do you think ?