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. Since July 2007, we've gotten serious about financial stability.

DEBT AS OF NOV. 1, 2009:
Credit card/personal: $20,316
Home/mortgage: $291,438
Education: $74,580
TOTAL HOUSEHOLD DEBT: $386,334

-------------------------------

NOVEMBER 2009 GOALS:

1. Debt: Pay off at least $2200 of debt.
Balance as of 11/22: $384,130
Goal balance: $384,134
Progress: DONE! $2210 paid

2. Savings: Save at least $720 ($120 for AS's retirement; $600 for Xmas fund)
Progress: DONE! $770 saved

3. Fitness: free month.

4. Environmentalism: free month.

5. Creative/crafts: Participate in National Novel Writing Month (NaNoWriMo); goal is 50,000 words.
Progress: 9,214 words

6. Philanthropy: free month.

7. Side hustles: free month.

8. Other: Help AS with couch reupholstery.
Progress: Measured cushions.

Begin to contact daycare options we've collected.

-------------------------------

BIG-PICTURE GOALS:

Pay off personal loan by 12/31/09
Original balance (6/15/07): $30,000
Current balance (11/22/09): $1,718
(Full disclosure: I transferred $5301 of this debt over to student-loan debt, so I didn't pay that portion off.)

Pay off loan to dad by 3/8/10
Original balance (11/1/03): $12,000
Current balance (11/13/09): $6,000

Pay off Amex CC by 12/31/10
Balance at start of challenge (11/13/09): $11,202
Current balance (11/13/09): $11,202

Total of all above goals: Pay off all credit card and personal loan debt by 12/31/10
Balance at start of challenge (1/1/08): $70,251
Current balance (11/22/09): $18,920
(Full disclosure: I transferred $5301 of this debt over to student-loan debt, so I didn't pay that portion off.)

Pay off AS DL loan by 12/31/11
Balance at start of challenge (11/13/09): $12,184
Current balance (11/17/09): $12,109

My Pages

Exciting milestone reached!

July 30th, 2009 at 07:29 am

First, my biweekly savings deposit hit, just $60 this time. But that's $870 saved for the month, and once I redeposit the money I took out of my EF for tuition, my EF will be $4410!

Then, my credit card payment went through, with $199 going to principal. That brings my July debt payment to $2245. But that's not the exciting part either...

Our non-mortgage debt is now at $99,956! We have $26,644 in CC/personal debt and $73,312 in student loan debt. That's right, we just got it under $100,000, into the five-digit zone!

Posted in Uncategorized | 8 Comments »

8 Responses to “Exciting milestone reached!”

boomeyers Says:
July 30th, 2009 at 07:34 am

Wow!! How tremendous!! You are doing such a great job!! Congratulations!
creditcardfree Says:
July 30th, 2009 at 07:40 am

Awesome! That is an exciting milestone. I'm sure that feels fabulous.
Broken Arrow Says:
July 30th, 2009 at 08:07 am

Hey, that's great! Congrats!
shiela Says:
July 30th, 2009 at 09:08 am

That is good news! Well done.
north georgia gal Says:
July 30th, 2009 at 10:30 am

Doesn't that feel good???
whitestripe Says:
July 30th, 2009 at 12:17 pm

yay! that's awesome news!
Apprentice Bliss Hunter Says:
July 30th, 2009 at 04:31 pm

Way to go !!!!!!!!
gamecock43 Says:
July 30th, 2009 at 06:28 pm

excellent!

Ceejay74's Personal Finance Blog

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

Exciting milestone reached!

8 Responses to “Exciting milestone reached!”

Leave a Reply