by Hope
Made an extra $1,500 car payment today! That brings my balance down to $11,437.27.
I wrote that sentence and wished I could just mic drop and walk off.
Every time I get an extra payment I evaluate what I have coming, what my “extra” balance is and determine how much I can put toward debt and still feel safe. Finished a larger project and received payment in full…
$1,500 extra dollars toward my car.
With this extra payment, even if I just stick to my $2,000 per month payment, it will now be paid off in August. It is just getting closer and closer. I will have a 3 year old car, completely paid off.
What this proves to me is that I can save for a car. If it has only taken me 2 years to pay this one off, I can save for another and never find myself car less or better yet, in need of a car loan again. Needless to say, I won’t need to do that for a while, but it is doable. After this one is paid off…it’s time to pay off my student loan. Then I will start a car sinking fund.
Anticipating a Tax Refund
When I first wrote about my goal #3, I forgot about my taxes. I still haven’t filed but I anticipate that I will get a refund. Of course, I have no clue the amount. But that will only serve to expedite paying off this debt as well.
My plan is to sit down and begin working on filing my taxes this next weekend. I really have no idea what to expect since I know there are a lot of changes this year. But I’ve finally gathered everything I think I need and blocked a couple of hours to sit down with it.
Has anyone filed their taxes? Any surprises for you?
Hope is a creative, solutions-focused business manager helping clients grow their business and work more efficiently by leveraging expertise in project management, digital marketing, & tech solutions. She’s recently become an empty nester as her 5 foster/adoptive kids have spread their wings. She lives with her 5 dogs in a small town in NE Georgia and prefers the mountains to the beaches any day. She struggles with the travel bug and is doing her best to help each of her kids as their finish schooling and become independent (but it’s hard!) She has run her own consulting company for almost twenty years! Hope began sharing her journey with the BAD community in the Spring of 2015 and feels like she has finally in a place to really focus on making wise financial decisions.
So exciting! Your progress is fantastic and your writing is so upbeat that I know you’re dancing a bit as you knock this balance down.
Absolutely! Every time I log a payment and watch that final payment amount go lower and date get closer, I get more an more excited. It has been a LONG road!
You are on a roll – that is awesome!!!
Thank you. My eye is on the prize…clear title in my hands!