Friday, March 5, 2010

Paying off Debt

We paid off CC #2 today! We were able to settle with the company for about 60% of what we owed! So, I am very excited....to say the least.

Truck Loan: Goal of 12 months, estimated pay off date Mar. 1st, 2011.
CC #1: Goal of 13 months, estimated pay off date Apr. 1st, 2011.
CC #2: Goal of 15 months, estimated pay off date June 1st, 2011.
CC #3: Goal of 24 months, estimated pay off date Mar. 1st, 2012.
CC #4: Goal of 24 months, estimated pay off date Mar. 1st, 2012.
Student Loan: Goal of 24 months, estimated pay off date Mar. 1st. 2012.

So, here is our new repayment time-line!

Truck Loan: Goal of 12 months, estimated pay off date Mar. 1st, 2011.
CC#1: Goal of 13 months, estimated pay off date Apr. 1st, 2011
CC #3: Goal of 23 months, estimated pay off date Mar. 1st, 2012.
CC #4: Goal of 24 months, estimated pay off date Mar. 1st, 2012.
Student Loan: Goal of 24 months, estimated pay off date Mar. 1st, 2012.

I know that it doesn't look like much, but we are getting closer!!! Let's hope we randomly inherit some money....wouldn't that be awesome?!?!

The downside of paying this off earlier is, we took away from our savings. We have only $250 in our "account"....but, we have plans to replace this in April when we will have an extra pay check. Please, hold me accountable!

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