I live, write, and garden in the PNW with my husband of 27 years, disabled daughter, college-aged son, and my 84-year-old mother. We have paid off $250,000.00 worth of debt (if you include the interest) in the last fifteen years and as of 6/12/2020 are 100% DEBT FREE!!!!I wrote the check out today to pay off the Master Card. They haven't showed the payment online yet, even though they are supposed to by five if you pay it in person at the bank by 2 p.m. and we paid it at 11:30. It'll show tomorrow, though. I see that they've already added the interest in for those few days that weren't calculated yet. So the payment has hit the system. It's just not showing. Once it shows tomorrow I will then send in a quick electronic payment for the interest. It's about $9 or so. I didn't do the math.
One of the things that DH's father has done for him and his sister since he was a kid was have $10 automatically transferred to DH's savings account every week from FIL's paycheck. Well, almost 3 years ago, we told FIL we really didn't think he needed to be doing that. DH had gotten a very large raise and we were doing okay without and we thought they needed it more than we did.
Well, we told FIL we wanted to close the account but FIL said he thought it would be a good place for him to keep depositing to, but that he could use that money to go on vacation with after it had been saved up. It would be a place he couldn't get to it without DH physically going and getting it, so he wouldn't be tempted to spend it. Well, they got that big inheritance in February (the one where we got a much smaller portion) from DH's grandma, so they decided they didn't need the money in the account that they'd been saving. So today we got to have that money. It was $1490. I took that $1490 and made a payment to the BoA VISA today.
That brings the BoA VISA to $6160.90. Then on April 20th we will be able to put an additional $1500 on it, which brings it down to $4660.90. And we are transferring money out of the EF at ING to pay an additional $3500 on it, which will bring it down to $1160.90. Of course there will be interest in there, and there will also be a plane ticket charged, plus all the autopays, which will be approximately $1200, so that will put us at $2360.90. The $800 payment I have been making to the Master Card I will be able to make the following week, which will bring it down to $1560.90 by the end of April. Which means I'll have it paid off on May 19th! Less than 2 full months away and BoA will no longer own my soul. (Eh, except for the car payment). I really am excited about that, even if it does mean having the EF at only $1000 for a couple months.
Do you guys remember when I started how insurmountable this all seemed? It's been almost six years of hard and steady work, but we're doing it. It really can be done. Pretty soon I will be able to say NO MORE CREDIT CARD DEBT!
I Did It
March 31st, 2012 at 02:21 am
March 31st, 2012 at 02:33 am 1333161203
Way to go LR
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Your determination lights a path for others who are uncertain at least and feel defeated at worst. It's grand of you to share your journey through well written blogs.
April 2nd, 2012 at 04:03 am 1333339381
@ Snafu--I don't know about a pat on the back so much as jumping up and down in unadulterated glee! My mother calls it stubborness, but it is nice to know other people see it as determination!