So, I am down to just the student loans. Some of my debts just fell out of collection. My credit score actually went up, and I am taking on a new debt – a credit card! Still keeping my eye on the prize and I will be diligent with my credit card to avoid more debt! Though it is from my credit union, so the terms are great, and it’s right there in my banking profile, so a little easier to manage. 5 months ago
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My non-student loan debts are slowly creeping down. My student loans are currently over-paid – I set my payments at 150% of the original amount. 9 months ago
With the first pay check from my promotion I completed this goal but I forgot to make an entry here. It was also because I may incur more debts because of school. But the reason I created this goal was for all the other debts and I’m done with those. I feel free!
Even though I may have to do this again, I am perfectly comfortable where I am now. School is a must so I’ll incur debt for that. Now, I am more knowledgeable and will definitely pay it off in no time.
So goal… ✔ …. completed! 15 months ago
Today I watched a documentary on PBS titled Two Families. It followed 2 families for 20 years beginning with the loss of their well paying jobs. It really made me think about my choices, my mistakes and how I am going to move forward. 17 months ago
I am having a hard time connecting with the three debts I owe – hospital collections! Once I can clear those debts, I simply have my student loan to worry about, but I worked incredibly hard to keep it below 10K. 19 months ago
How I did it: Two credit cards and writing a lot of lists.
Card No.1 - for the things I NEED (important word)
Card No.2 - interest free - pay off as much as possible each month.
The lists - two of them - one for my current account (I know how much 'should' be left at the end of each month - and the second for my current spending on the Card No.1 (see above). When you write it down, it scares you how much you're spending. So you cut down. The opposite of 'out of sight, out of mind.' When it's in your face the whole of time, you eventually start thinking "Do I really need it?" The answer is usually no.
Took a couple of years cos we run two cars and have four kids but we got there. Just the mortgage to go now. Read how I did it… 19 months ago
I have slacked a little but I’m here with renewed focus. I just paid off a balance of one credit card, and next months pay will see another one completely cleared, my ipad payments cleared completely, and a chunk paid off the final credit card so that I can balance transfer it to a new 0% on balance transfers for 20 months deal. However, I’m going to try and pay it all off in two months, leaving me 3 months to go till my debt free date!
Once that’s happened, I’m going to start saving with earnest so I can buy a home, hopefully next summer! 20 months ago