Home > CC#2 is in the cross hair! Once you focus, goals become reality!

CC#2 is in the cross hair! Once you focus, goals become reality!

February 20th, 2013 at 12:40 am

I was playing with the budget today and realized that if all goes as planned, I will send the final payment for CC#2 on March 28th. (I am paying $500 this week and will have the final $2300 by end of March)

That means that in two months, we have paid just shy of $10,000 in debt off. WOW. We have primarily accomplished this with bonus money and over time- so this pace of repayment won't be sustainable all year, but boy, this is a jump start in the right direction.

The payments from those three debts equals $470 per month, which will snowball into the CC#3 starting in April. By the end of the year on that trajectory, CC#3 will be down to about $2500. Factoring similar overtime and bonus money next year, we could potentially pay it all off sometime next year- which is my stretch goal. (yay!)

Since yesterday was a Holiday, this is a four day work week. I may work either Sat or Sun this weekend so that I can take next Friday (1st) off to leave for our California trip. DD2 got it off, and an extra day to travel that far with the two grandkids sounds like a great idea! I have four big report-type projects due right after I get back, so I am in high gear this week and next to get them done before I leave. Working on a weekend would mean less interruptions and better focus- and I dont really have any plans this weekend.

I used this past long weekend productively. I cooked oatmeal and chicken for most of the weeks meals. Today will be another no spender. Preparation sure helps stay on a food budget. I also cleaned house and caught back up at home- since I am leaving the day after the hub gets home, I want to leave the house nice and tidy so that he can fully enjoy his home alone time.

Guess its time to double check the a to-do list to make sure I get it all done...

10 Responses to “CC#2 is in the cross hair! Once you focus, goals become reality!”

  1. creditcardfree Says:

    A goal really helps bring things to fruition!

  2. twest Says:

    Wow! You are killing it! Great job! So I am just curious what were you doing before on these cards...paying minimum or just a little more where you could?

  3. Beawealthywarrior Says:

    WOW is right, great job!!

  4. Thrifty Ray Says:

    Twest- great question. We were building up a savings account/ef fund- which is fully funded now. The past couple of years we have also been helping struggling kids. (Single mom, failing business, unemployment, etc) There have been several issues. Last year we paid off a little over $5000 in debt. A good portion of our debt came from home repairs on our older home and helping my sons business that eventually failed...and poor decisions.

    The hub has been at this job for about 18 months..which has helped turn things around immensely for us!

  5. Carolina Girl Says:

    Great job!!! You are an inspiration!

  6. rob62521 Says:

    Super job!

  7. snafu Says:

    Awesome! Having a plan and sticking to it makes a huge difference. Good on you!

  8. Looking Forward Says:

    Yay! Big Grin

  9. Thrifty Ray Says:

    I appreciate all the encouragement. Posting the actual numbers on the sidebar was tough for me to do..and I didnt for a very long time, but I am so much more inspired now. Again, thank you!

  10. FrugalTexan75 Says:

    You're doing awesome Ray!

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