October wrap up

My retirement fund and my debt paydown reached the exact amount I have paid off in debt, 14,000. It is not a lot in the grand scheme of things but it means a lot to me. I am floating in the big debt sea and can see neither shore those little elements help to make your day.

Despite a really lousy financial October, I still am putting $200 to pay down debt. I have newly resolved that I no longer need web space I WILL be closing my website. That is a painful choice but I think we can do it. I wrote about it before here...

The October renewal plan:

• 
  Training 1 hour every day. read in a chapter, study something having to do with MS Sharepoint. From 8-9:30 every day.
• 
  Put money into savings. Currently I am not saving enough. It is a real problem. I am not sure I have calculated it correctly but I have noticed when the payment is automatic I put more away consistantly to my debt then at my other cards. I need to replenish our emergency fund. I had to borrow $500.00 to cover for my husband. He came up a bit short on the electric bill. So I have set up an automated payment schedule. Well see how November handles that and if I miss the money. (The budget is so tight I am sure I will.
  
• My plan is to be debt free in 35 months. I do love the snowball calculator web site http://www.whatsthecost.com/. It helps me to stay the course and not forget that #1 I have made progress and #2 I have to keep paying down the debt. On the current plan I will pay off CC#2 by October of next year (2010). I dont want to look at the rest. But I did. And its not so bad really.

Here is the run down:
CC#1 is Paid off Bal $0

CC#2 13.49% $3,833.69
CC#3 11.24% $3,590.70
CC#4 9.90% $3,690.93
CC#5 4.99% $874.97
CC#6 3.99% $2,023.11
CC#7 3.99% $11,363.51

Total is $25,335.13

So If you are following this And I know no one is I have had a bit of a back slide since July. Most of that is due to DD and College. Also some of her health issues. But I believe it will get better and I am going to just keep pusjing forward.October 2012. I can do it. I have no other choice. I Refuse to live in debt for the rest of my life.

I thought I had 6 cards and I have 7 shudder and ugh. I am paying off in interest order. I get dave ramsey's psychology first better now. On card #5 I have an automatic payment. Once it went below 1000.00 I was like thats it boom lets just knock it out. The thing is It has the LOWEST interest rate and it is until the balancce is paid off. I am better off sticking to CC#2 with a rate of 13.49% and getting rid of it. There was a time when I had 18000 on a 24% card so I know truely I am making progress. but it is very hard to feel like you are making progress. But I CAN do it. and I will do it.

Things that I have done wisely:

I am proud of myself for reducing the interest rates I am paying to the best of my ability.
I am proud of myself for trying not to carry cards in my wallett I pay mostly only cash. I have to say mostly because last month there were a bunch of unexpected medical expenses for my daughter. While you can call this murphy's law or something. It was frustrating because I do not believe she needed to go to the emerg room over a sprained ankle. So I am mad at the dicisions her employeer made for her and did not pay for.
I am proud of myself for keeping on the path to get out of debt even though It is hard and tiresome
I am proud of myself for having a budget and knowing what I can spend and what I should not.
Life is a journey. and I am on the right path for myself.

I am not a financial professional. If you are looking for financial advise you should seek it elsewhere. If you would like to join me on the journey, walk with me for a while and be my friend......