That's not so bad

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iVillage Member
Registered: 03-25-2003
That's not so bad
1
Fri, 10-17-2008 - 9:37pm
I just sat down with a debt reduction calculator and if I do nothing but minimum payments (never decreasing them when the required payments drop), we'll be debt free except for the mortgage and HELOC in 28 months. I plan on snowballing, too. I think we'll get a substantial tax refund this year because DH got a couple of large lump sums this year and he didn't change his exemptions until he started his new job. Hopefully, whatever we get will be enough to pay some things off.


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Registered: 04-12-2007
Sat, 10-18-2008 - 12:20am

That sounds like a great plan and a very reasonable time table.