Vanquishing My Debt

I'm 29 and trying to get a handle on my finances so that, one day, I can buy a home of my own. I've been reading personal finance blogs recently and decided to start one chronicling my own struggles and success (hopefully). I am lucky, considering the amounts of debt and tales of tragedy I've read about... but I am making some positive changes and moving in the right direction.

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Location: Los Angeles, CA

Friday, March 09, 2007

Sent my tax refund straight to my credit card

R and I are snowballing like mad to pay off several credit cards we have - and it's finally starting to feel like it's working! I feel like Rocky when he ran up those steps and raised his arms in victory!

Last month we paid off the smallest balance card, which was about $1,200 from my dental work as well as an expensive visit from a professional plumber to conceal the fact that we have a cat in our apartment when we're not supposed to. Our next smallest balance card is about $2,500 - and I just sent an electronic payment of $1,500 which I got in the form of a tax refund. So we owe about $1,000 on this card, which we'll be paying off by the end of the month. Woohoo! After this we have another credit card with a balance of about $4,400 as well as a chiropractor bill to deal with (more about that later). Then we'll conquer paying off the car and R's student loans.

I am so grateful that R is supportive of all this, even though he is not very good with money on his own. But we're both learning, and it's even more exciting because it's something we're doing together.

How sickeningly sweet was that? :-P


Blogger Denise Mall said...

Sounds like you have forward momentum keep up the good work. Keep focusing on the light ahead of you!

5:51 AM  
Anonymous Anonymous said...

Well said.

7:53 PM  

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