How to pay off HELOC by Sept 2009 by Missa

"I am now debt free!!"

How I did it: When I got married, I had about $20,000 in credit card debt.  It accumulated from the 10 months I had a house payment and rent to pay.  It also accumulated from living beyond my means when I first moved to the big city.  The group I hung out with went to a lot of movies, concerts, and games.

I took out the Home Equity Line of Credit after our marriage.  I paid at minimum $400/month towards it.  Some months I paid $800/month.  I plugged away until it is finally gone.  I was dedicated to having this paid off, because it is the same amount of money I'm responsible for to pay Claire's daycare, which starts in December!


 

Oct 21, 2009, 05:49PM PDT | 1 comment | 7 cheers


Comments:

Missa This is so much more fulfilling than Facebook...

Now I have one month

until I start paying Claire’s daycare with that $400/month. Three years from now, Andrew will be in kindergarten and I’ll have some spending money again:)

Oct 21, 2009, 05:50PM PDT | Respond to this 1 cheer


Missa has gotten 7 cheers on this entry.

 

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