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Month two ended...how I did...

June 4th, 2012 at 11:16 am

So...started this blog 2 months ago...so here is the number check in...

Debt decreased...$2.53 this month...yes...not the best month...but since my goal was to just not add to the debt this month...I feel pretty good...this was a pricey month with 2 trips, hotels, extra gas, new tires etc...so it was hard, and I had to up a payment $25 just to get to the small decrease...but it is worth it to me to do it...

So all in all since I joined April 2nd...my debt has decreased $979.31 and I am proud of that...I am hoping to have a much better decrease this coming month, as it should be a more normal month!

One of my credit cards was compromised this week...so they had to cancel it and issue a new one...such a hassle! More incentive to not have these things hanging over my head...though I do use a couple cards with rewards for monthly expenses that are paid off each month...so I can't see ever not using a credit card...

I also think I have made some decisions...I transferred a balance this past month...from the card that had the highest balance and interest rate...I moved it to my lowest rate card...of course I now have 0% interest rate offers on both those cards...so as much as it stinks...I plan to transfer back the entire balance...0% until Aug 2013...and then transfer the other 3 cards carrying a balance to the other card so that all my balances are sitting at 0% interest...yes, I will eat the transfer fee...but that is ONCE...and then all my payments will be decreasing the principal...so my husband and I have discussed it and it seems the best option right now...

So I feel good having started to tackle this monkey I have carried for a long time...

Here is to another good month!

Tough month as expected!

May 25th, 2012 at 01:15 pm

Well...this month has been tough as expected...with the wedding late last month, and my niece's graduation this month, it has been hard fitting in those extra's...while creating no new debt!

I have been keeping close eyes on things...we got our state income tax refund, and it went into a home repair fund, as our deck posts are warping, and will need to be replaced (new discovery of ours this month sadly)...the refund was not much, but it helps.

I am going to be getting off my rear and selling some things on resale sites this week...been putting it off, but I need to get things listed and sold...in order to break even and meet my no new debt goal...right now I am about $400 from that...so we will see what we can do with sales!

Anyways...I know it has been a while since I posted...but I am still here...just busy at work, and still sticking to the debt monkey getting GONE as soon as possible!

Here is hoping by my post at the end of next week and the end of my 2nd month, I have good news to report!

Happy Memorial Day to everyone...

First month update...how did I do??

May 2nd, 2012 at 10:21 am

Ok...so last month is when I decided to fully confront reality and address the debt monkey I have carried around for a very long time...

Just sat down and looked at all my balances...and I decreased my debt by $976.78 this month...not bad at all! Actually I am very pleased with this!

I know this month is going to be the hard month...we have a credit card we use for all monthly expenses and pay it off every month...and our monthly expenses are higher this month due to the trip for the wedding etc, new tires, etc. So realistically, if I can post next month with a decrease in debt of even just a little...I will be pleased! I know my focus is on not adding to the debt first and foremost...and this is just a very pricey month and a half for us!

My husband is away on a work trip...and while work pays for the trip and expenses, he does need some spending money etc...so that is additional out of pocket money even though it is not a huge amount that he took.

Next weekend we have an out of town trip for my niece's high school graduation...

So I will be glad when these little hits stop...it is a lot within one month for us...so if I can just keep the focus on not adding to the debt for my May goal, I will be happy...if it decreases any, I will be thrilled...but just not adding to it will be ok for me too considering everything!

Anyways...I am very pleased and glad I found this site...it does keep me accountable to myself and to this goal!