Payoff Balances on Debt
Even without having the blog around, I’ve still been working on paying off debt. I always look forward to March in that I get a bonus from my job. Years past the bonus would go to things that we probably didn’t need or just spent without thinking about it. This year was different though because my wife is on board with the idea.
So what all did we get paid off, it’s hard to really figure it out. Here’s what I do know:
- Victoria Secret $609.90
- EXPRESS $581.13
- 53 Card $419.61
- Universal $417.24
- Zales $813.76
- Jared $137.23
These six cards alone have a grand total of $2978.87 paid off! In addition to these payments, the regular monthly payments still bring down the debt even further but I don’t know exactly by how much yet. We also put $1000 into the EF to get that back to a reasonable level to have on hand if necessary.
The month of March we paid off quite a bit of debt with my bonus, but the month of April we’re getting a tax refund, and the month of May we’ll receive the stimulus payment. This leaves a potential to pay off a lot of credit card debt and get us down to only two cards each. We’re also planning a vacation this summer and debating getting a HDTV. These things have to be planned first though and of course avoiding going into more debt. More on that later.
I am so glad that you are back to blogging. And that you and your wife seem to be on the same page.
Sounds like you have a great plan to really cut down the credit cards, etc…
Vacation is important. Seeing somewhere new doesn’t have to break the bank or incur new debt, either. Get creative! Take advantage of good friends/family living far away. Save the HDTV for Christmas (as a joint gift to each other) or as a getting out of debt reward, or for reaching a savings goal. Something to look forward to.
Glad you’re posting again!
I am glad you’re back! believe it or not back in january after your reading your blog I started my own blog but then you shut down yours. Just by reading your blog, I knew something happened between you and your wife. I am glad you guys are on the same page now. Did she find a job?
Yes I’m back at it again, at least to document the journey to become debt free. My wife and I got to get out of credit card debt so we can focus on our six figures worth of student loans. Chicky I’m glad you were inspired to join the PF community. I left a lot of people hanging when I shut off the blog. Thanks for coming back!