About Me

ceejay74

I'm the financial head of a three-adult household. We have great credit and income but massive debt. I've always paid bills on time but beyond that haven't planned very well. Now we have some definite goals, so we need to get serious about financial stability.

DEBT AS OF JULY 19, 2008:
Credit card/personal: $49,849
Home/mortgage: $299,643
Education: $71,625
($31,625 actual; $40,000 estimated future)
TOTAL HOUSEHOLD DEBT: $421,117
($381,117 actual; $40,000 estimated future)

September 2008 goal: pay off $1350 by 9/30
Progress:
$0 down, $1350 to go
Goal balance: $419,767
Balance as of 8/14: $421,117

Big-Picture Goal, begun 1/1/08:
Pay off all credit card and personal loan debt by 12/31/09
Beginning balance: $70,251
Current balance (8/14/08): $49,849

My Pages

December goal reached!

December 17th, 2007 at 03:24 pm

A UK credit card payment posted--$194 went to principal, which means I reached my December goal!

Goal: $2525
Results: $2571!

I will wait a bit before posting my January goal--have to figure out how much this dishwasher's going to set me back!

PS: I just realized this marks the sixth month that I have set an aggressive debt-repayment goal and met it!

Posted in The Ad Hoc Plan | 5 Comments »

5 Responses to “December goal reached!”

Amber Says:
December 17th, 2007 at 05:36 pm

Good for you, you actually went over your goal
koppur Says:
December 18th, 2007 at 09:39 am

whoo-hoo! congrats!
Joan.of.the.Arch Says:
December 18th, 2007 at 10:07 am

Very good! Does it feel like habit yet, or still like a forced action?
ceejay74 Says:
December 18th, 2007 at 01:17 pm

Thanks guys! I know I'm just starting but I feel very good right now. Joan, it definitely feels like a habit to me. Though I'm one of three adults who get an equal say, so it can be hard sometimes. They're on board with my repayment plan, but when we get an extra windfall of unexpected money, they tend to want to have fun with it, while my idea of fun would be to sock it away for future expenses or throw it at some debt! We usually come to a compromise where half gets divvied up as fun money and the other half I get to use for future planning or debt repayment. I don't get to be as miserly as I want to be, but they're much better than other family members I've heard people despairing over, so I feel pretty lucky!

I don't think I'll stay super-frugal my whole life, but I want to always have control and never again spend more than I can afford. I'll probably always keep to a budget, but maybe a budget that's a little more generous (once we can afford it).
Amber Says:
December 18th, 2007 at 07:07 pm

You're right for wanting to save all the extras

Ceejay74's Personal Finance Blog

A blog to help me document my journey out of debt.

December goal reached!

5 Responses to “December goal reached!”

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