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.