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Home > Woohoo!!! Making progress!

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girly_girl13 [1]
iVillage Member
Registered: 04-10-2003
Woohoo!!! Making progress!
5
Fri, 11-23-2012 - 1:14pm

Hopefully I can post this! I've been locked out for ages!

Well ladies, I am very happy to announce that after a few weeks of spending like a drunken sailor, progress has been made! I finally got my bonus and this year, instead of throwing it all on debt and then running the CC's up when I needed something and then focusing on paying those off, I have done the following:

1) Paid off all CC's (it wasn't really much .  . . just monthly stuff but they are at $0)

2) Got efund up to $1K and am adding $50 bi weekly

3) Fully funded sinking funds, including Christmas ($800) House/Car ($1K) and vacation (2K)

4) Paid off $2K from line of credit.

I was planning on redoing my bathtub with the bonus (~ $2K) but I think I'll see if I can hang off a little longer and try and save up the cash in my home/car sinking fund (the $1K in it now is earmarked for car maintenace and a snowblower). I should have money left in the vacation fund after we go (our target is to spend between $1500 and $1800 but I'm aiming for below $1500) and whatever is left over can go into the home fund as well.

Also, BF had a successful hunting season so I have 50lbs of deer off cuts in my freezer that will feed the dogs for a month so savings there.

I still owe  $12k on HELOC, $19,500 on Student loan and $7500 on car loan but my highest interest rate is 6.5% and its tax deductible so that makes me happy!

New plan going forward is all extra funds to be divided as follows: 50% bathroom repair, 25% HELOC 25% Other (the catch all sinking fund)

How was everyone's black friday?

  • Reply [2]

    Bex -


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