Two Month Check-in

Okay so it’s a snowy March 2 and it’s time to check in and see how I’m doing. By the way, where did this record level snow come from in March?! Sheesh. Sorry, I got sidetracked. Digging your way out of 8 inches of snow will do that to you. So anyway it’s time to see how I’m doing.

It looks like I’m down over $4K since I began this process in January. To be fair a good amount of this came from my tax return money. It was the best way that I could use the money without squandering it. I also managed to save money into my emergency fund. This is something that never existed before so every little bit counts and ads up.

You’ll notice that one card has a zero balance. 🙂 I am particularly happy about that one since I have a 10K limit. I am hoping that a $0 balance on that card pushes down my outstanding amount vs. available credit and drive my credit score up. I plan on keeping that card at zero. In fact, they owe me $11 since I sent them enough money to cover accrued interest and it was too much. I should call them and request a check. Either that or pump exactly $11 worth of gas the next time I need to fill up the car. Whichever works.

So I resisted the urge to pay off the personal loan. It has a 3 year term and I am only 3 months into it but I really want to pay that off next and then move on to the car loan. When buying a car, financial the lowest amount that you can possibly afford. After that it’s the smaller of the student loans and the HELOC. I really want to kill off the HELOC as soon as possible. Anyway I am making progress! It’s slow, but it’s happening.

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3 thoughts on “Two Month Check-in

  • You know, that’s a great question! I am stuck between the personal loan and the car note. I think I should get rid of the personal loan and then the car note. There’s just something mentally satisfying about seeing a $0 balance. 🙂 Love your blog!

  • Anyway to make more money is alright by me. Whatever helps get Msstercard, Visa, Discover, American Express, Sallie Mae, you name it, out of our lives sounds good to me.

  • This post is inspired by Marcella! We had a great conversation about her penny jar and her unorthodox savings method. Let’s call her Marcy. Marcy likes to drop her pocket change into a coin jar when she gets home from work everyday. She cashed in her

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