Archive for the My Debt Reduction

My debt payoff- updated!

The last time I updated this, I owed $12,333.78 on the student loan. As of today, the current balance owed is $11,899.22! I am happy that it has fallen below the $12,000 mark! I got paid a quarterly bonus and put most of it towards the student loan. Also, I have paid off the Home Depot Credit Card that had 0% for 12 months before the promotional period expired. Ultimately, I’d like to pay off this student loan before the year is over, but that seems like a pretty hefty goal, so I’m going to go with 2 years, or 24 months to have it paid off. Tweet

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2010 Financial Goals- 6 Month Check up

At the beginning of the year, I posted our 2010 Financial goals. I figured I’ll do a 6 month check up because that’s better than waiting until say, September, and realize that we’re failing miserably on our goals. Not cool. Here are the goals we set for ourselves: Goal #1: Pay off at least $3,500 in principal on our mortgage. To date, we’ve paid off $1028.66. I think we’re a little behind, but much closer than I thought we would be! Goal #2: Raise my 401k contribution to 10%. Um, I think I’m contributing 6% right now?!  I need to just do this.  All it will take is the click of my mouse. Goal #3: Pay off our car loan. We are well on our way to paying off this debt!  Only about $1500 left. Goal #4: Come up with a budget and stick to it.  Uh… yeah… still hasn’t happened. I wanted to set realistic goals so that they were reasonable.  I think we are doing pretty well so far. How are your financial goals coming along?  Are you […]

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