I’ve Paid For This Twice Already…

Tell All Tuesday ~ Snow is in the air

There is snow in the air, literally and figuratively. Last week we had some snow flurries overnight - nothing sticky yet, but it is coming fast. Although today the high is 60 degrees F. Silly weather. But the snow that’s exciting to me right now is the snow in the form of snowflakes that I have paid to my credit card this past week. Let’s get right to the numbers:

Debt at start of blog (6/19/07) : $36,451.71

Current total as of 11/20/07: $31,003.90 (principal paid to date $5,447.81)

Broken down into:

• Credit Card: $3,340.93 (paid $346.43 snowflake and $200 “standard” payment this week)

• Student loan: $11,878.03 (made minimum payment of $144.50 this week)

• Spouse student loan: $12,002.27 (made minimum payment of $237.59 this week)

• Car loan: $3782.67

% debt paid off since start of blog (from NCN Network Chart ) : 14.95% (last week 12.81%)

So my current total debt is hovering right on the edge of another thousand down, and my spouse’s student loan is at the same point. I can’t wait to be able to drop another thousands place on both of them. And over 2% less debt according to my NCN Network chart! If you click through to look at my chart there is a LOT of yellow (paid off) now in that big purple circle. it is very encouraging to see that visual reminder of my progress. And I truly think with a little luck, by the first of the year we will have dropped the total debt number down to UNDER $30,000! That’s my new goal. Paying $1003.91 to debt should be completely doable by the end of the year - two car payments (this month and next), next month student loan payments, and next month’s credit card standard minimum, even after interest should be close to $850 to principal. I should be able to find another $154 somewhere, be it surveys or selling things or budget surpluses or something.

I made the minimum payments to both student loans this week (and I will make the car payment later today), but the exciting news is a big snowflake to debt. I made my “standard” $200 payment I have been doing since late 2003 (the minimum payment I fixed for myself, my actual minimum is $63 this month) and I was able to snowflake an additional $346.43 - $63 of that was survey payouts and the rest was advertising revenue. I am so far sticking with my goal that all advertising revenue from the blog goes directly to debt, hopefully I will be re-employed soon in another contract position and I can continue to do that. I have about ~$70 in pending snowflakes still in the form of survey payouts mostly, I don’t know if I’ll receive the majority of that this month or next. Still doing surveys to earn more extra money. I also am going to take a bunch of my kids outgrown clothes to Once Upon A Child and see what they’ll take - they pay less than you can get at a yard sale but I just want to clear some of it out and turn it into money towards debt now vs maybe more money later.

$1003.91 more down by December 31st. I can do it. Here I go. What a Christmas present that would be.

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• Partial Numbers Update
• Tell All Tuesday - Building the Payoff Fund
• Quick numbers update
• Tell All Thursday ~ Under 00 in December?
• Tell All Tuesday ~ Half Debt / Half Savings In Action