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Archive for March, 2009

Hooray for Payday

March 18th, 2009 at 05:01 am

Today is payday and we really didn't have a lot of bills to pay (yay!) Next month is really going to be fun with three checks on the 1st, 15th and 29th but for now I was able to take a big bite out of lonely Card 1. It's great that it is the ONLY card left to pay off because with the fewer number of bills coming in the easier it is to really track them (and once Card 1 is done then the only debt we will have to our names will be a mortgage. Yippie!)

I cash flowed my vehicle registration, took cash out for day-2-day expenses (we only use cash for food, entertainment, household stuff, etc.), put some money in the kids bank accounts (18 yo has checking and 15 yo has savings that will soon flip to checking) for work they did (they get $2 for every year of age per day), bought a programmable thermostat (checked consumer reports first to make sure it was a best buy and it was easy to program...looks like it) and some CFL bulbs from thebulb.com (they have pretty good prices and a portion of every bulb bought goes to help the environment...not to mention the bulbs themselves!)

Had $4600+ left over for Card 1. Yippie!

So since 4/30/08 we've paid off $76,271.80 in credit card debt and we have what's left below to go. It just feels like we're really starting to see the finish line.

Debt Tracker (03/18/09)
Card 1: $34090.02 (8.99)

One credit card left!

March 4th, 2009 at 09:32 am

Well I am happy to announce that Card 2 is officially paid off as of today. The card at its peak had a balance of nearly $32,000 on it but now it has a zero balance! The debt reduction tracker has ONE card left on it now and I was able to make a $2000+ dollar payment on it today as well (hooray for payday) as well as knock out the rest of the bills due.

So for the record 8 credit cards with a total balance of $72,700 has been paid off in 10 months (since 5/1/08) and we can now throw all our extra dough at this last card until it meets its final end (hopefully in under six months!)

We're thrilled! Woo hoo!

Debt Tracker (03/04/09)
Card 1: $38705.12 (8.99)

I don't even have to add them up anymore...yippie! Smile