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Big ole step!

April 2nd, 2008 at 07:52 am

Two credit card payments hit today, as expected. One is a regular payment (I won't say "minimum" because about six months ago I started to make a fixed payment even though the minimum one goes down a few bucks a month) with $289 going to principal. The other is $1900, all principal, to the 0% card I bought our England plane tickets with! I aim to pay almost all the trip costs off before we go, and make the final payment soon after we get back.

Since I listed the trip as a projected future debt in one lump sum when I started blogging here, I'm going to put it in my Old Debt Graveyard as such when I've paid it off.

Anyway, that's a big $2189 step in my April goal.

$2,656 down, $344 to go in April

$60,198 to go on my Big-Picture Goal! We've now paid off more than $10,000 in credit card debt so far this year. I'm looking forward to seeing it dip below $60K, because then it'll be less than $20K per person, average.

4 Responses to “Big ole step!”

  1. luxlivingfrugalis Says:

    That's great ceejay74!! You are making large strides.

  2. merch Says:

    Nice work!!! It will be nice when you hit that milesone of less then 60k this month.. 3 quarters left!!! Looks like your on target to get the debt down to 35k this year. Nice.

  3. disneysteve Says:

    I think you need to raise the bar on your goals (that's a good thing). You have already reached 88% of your April goal and today is only the 2nd of the month. I don't think it will take you until 12/31/09 to have all that debt gone.

  4. ceejay74 Says:

    Thanks everyone! Disneysteve: I miscalculated this month's goal because I wasn't sure what my paycheck would be and had some other unanticipated windfalls. I backed down from last month's $3400 goal because I barely made that one and expected to have less money this month. I always try to tailor the goal according to my budget projections, so my May goal will reflect the stimulus package and anything else I can foresee. Don't worry; it doesn't slow me down any: I just start the next month early and set a bigger goal! :-)

    As for the Big-Picture goal, you might have a good point. I feel like that'll be a hard one, but if I have a few more runs of good luck, maybe I'll try bumping that up a few months. Exciting to contemplate!!!

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