As you can see by our debt total at the left, our credit card debt now stands at $11,598. We received two payments that resulted in a $1,400 payment to our credit card. We received our tax refund, and my husband received some money for a piece of equipment that he sold.
I am so glad that we received our tax refund and the delay was not due to us having to pay some money last year. I have been a first-hand witness to someone’s account being seized by the IRS so I feared the worst when I saw our refund was delayed. The IRS won’t give you money back if they show that you still owe money. So I know that we are completely in the clear and all is well there. Whew.
The equipment my husband sold was a bit bittersweet. It’s nice to have the money, but in a way we no longer have that piece of equipment to sell in a pinch. It was one of the nicer things that we owned that we knew we could get a nice chunk of change for. After researching the going price on eBay, we decided to just sell it back to the company it was purchased from. As expected, it was a very simple process and we received the money as promised.
Our next windfall will be with the economic stimulus check that we should receive via direct deposit in May (here is a link to the payment schedule). Depending on where we stand in May, that payment should take us below the “five figure credit card” debt that we have had for so long.
We will be in four figure credit card debt range. Wow. We will really be on the home stretch.