How are you doing so far this year?
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| Sun, 01-09-2005 - 8:47pm |
How are you doing so far this year on your debt reduction journey? You may be laughing and saying, "But it's only been 9 days! And she is asking already? " and that is true, but 9 days can be quite a start to anything we want to accomplish, and 9 days can give us a sense of what our journey this year could be like. Also, 9 days could be a difficult 9 days for some of us, and we may want to express how the changes we are making to reduce debt are like or to express how these changes are working.
So, please share how the last 9 days have been.
Some folks may have set themselves up with a new year resolution to reduce debt, so you may be at the beginning....and we'd like to hear what you think so far. Some of us may be somewhere towards the middle or end of our debt journey, and we'd like to know how the new year is treating you.
Thank you in advance for your stories and impressions!!!! Littlesbigs

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I think I am doing okay. While we haven't made any snowflakes yet, we will both be bringing in a lot of money over the next couple of weeks. I am also proud of the fact that so far this year, we have not used our credit cards. In fact, other than gas, bus fare, and $7 worth of groceries, we haven't spent any money.
So other than the fact that if it keeps snowing, I can't work, and without work, there is no money, I am feeling pretty positive.
All my best,
Danni
Actually, before I read your message my thought was "Geez, we just *started* the year" and then I read about the 9 days and just started laughing.
Let's see...the fact that my son's birthday is Wednesday makes for this year off to an expensive start.
Becky
CL of 4th, 5th & 6th grade Scoliosis
This is the first day that I'm back and I think I'm doing pretty good so far even if it is just 10 days into the year. As far as snowflakes go, I guess I can report $1137.53.
CC: $1250
miminum due: $116
LOAN: $500
due: $497.47
Hope every one has a great year.
So far 2005 hasnt been too great.
KRISTI, mommy to:
Hi All,
This is my first time joining this discussion and I have just crafted my first debt reduction plan. I have 25,000 in cc debt at 20% and about 12,000 in student loans.
I am 28 and my goal is to buy an apartment before I turn 31 so it's time to get this done.
I have not charged in months and my plan looks like this.
My bank offered to lend me enough to pay off one CC at 15% (i have also asked my family if they are interested in loaning me the same amount at 10% and will take the better offer)
I plan to sell my stock, use my (small savings) and borrow from my 401K to pay the other card (hopefully next month)
This will leave me with 2 loans - 1 at 15% and the other at 7 but I do plan to send any and all extra funds to these to pay them off very quickly.
I would appreciate any and all feedback, advice and tips.
Nikki
I know it's only been 10 days into the New Year, but so far things are going pretty well.
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