Tuesday, February 9, 2010

The debt plan is working!

So about 2 months ago we paid off my car WOOOHOOO! Now I've got the pink slip and can really say it's mine. That feels great. We took the money we were already paying and applied it to the last bit of my old Mervyn's card I had from way back. Two payments later that is all paid off as well. Now we'll take the money for the car and the Mervyn's payment and add it to what we already pay on a Citi Health card and get that payed off soon. We're also going to be using almost our entire tax refund to pay down debt. We decided that my car really did require some new tires and an oil change and so we'll use a bit for that and the rest goes off to debt.

We're broke as heck with me out of work, my medical bills, and putting every spare dollar into debt reduction, but it feels really good to be making progress and know that finally our money is doing something for us. It's hard not being able to do fun things with our friends and family whenever we want, or being able to buy things just because we like them. We're learning how to be creative with our money and resources, learning what we really NEED and what is important, and we know that soon we will have all of our debt payed off and will have money in our pockets.

1 comment:

  1. Way to go in practicing self control with spending. Not many can really do that!!

    ReplyDelete

LinkWithin

Related Posts Plugin for WordPress, Blogger...