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Thread: About to slay the beast...
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12-11-2009, 04:15 AM #1Registered User
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About to slay the beast...
A year ago I had my biggest CC debt $12485.34. With next paycheck that balance will be down to $752.47. So close. So damn close.
We started hacking away at the balance in August. Balance was around $11400. We have been putting a minimum of $2100/month toward debt on a $4000/month net income.
And I know for the next two weeks before the next paycheck that small balance is going to bug the crap out of me.
But after that's paid, I will zero in on our last credit card debt.
Credit card debt free for 2010
When we started it was overwhelming to tackle this debt -- the largest one.
It truly has been a beast.
And it will be slain.
--
"It doesn't matter how hard you hit, it's how hard you can get hit and keep moving forward. That's how winning is done." - Rocky Balboa
Story of my life. In 2007 we had 78000 worth of debt, and we climbed out under it, on top of paying for a surgery with cash, bought a house, had a foundation shift and $11000 in repairs later we are good to go.. then I hear the words "I'm pregnant!"
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12-11-2009, 04:19 AM #2Registered User
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Excellent!! that's a huge amount to pay off in 1 year!
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12-11-2009, 04:34 AM #3Registered User
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amazing!!! You didn't hack at it.....you stabbed it over and over!! That's so encouraging!!
Step 1 $207/1500
Step 2 Student loan $160.00 monthly
Schewels paid
Step 3 $252/$15000
Step 4
Step 5 1 child in college graduates 12/12
2 child $50.00
Step 6 $70,761/$93,000
Step 7 Build wealth & give.
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12-11-2009, 06:22 AM #4Registered User
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bravo preston...! isn't it an excellent feeling having that 'monster' off your back....all the sacrificing of this past year makes it all so worth it.... great job!
“After the last tree has been cut down, after the last river has been poisoned, after the last fish has been caught.
Only then will you find that money can't be eaten.”
~ Cree Indian Prophecy
2012 goals:
Weight today: 115.2
Goal weight for next weigh-in (4/7): 113.5
Final Goal Weight: 110Goal weight date: May 18, 2012
Loss/Gain since yesterday: Total loss to date: 9.2 lbsDays until final goal weight:
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12-11-2009, 06:40 AM #5
Way to go! good job. We will be there by May 2010 ( i hope)
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12-11-2009, 06:49 AM #6Registered User
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so very awesome well done
Married to DH Manny 22 years
Mom to DS Rob dil Kelly Ds Tom DD Jen soninlaw Jason DS Manny jr
Furbabies Foxy and Loki
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12-11-2009, 07:05 AM #7Rude and Vile Master
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That is AWESOME Preston! Way to kick arse!
If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
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12-11-2009, 09:32 AM #8Master Dollar Stretcher
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Fantastic job!! I paid off $10K and some change on one this year, bringing the balance to ZERO!! Doesn't it feel great?!!
DH aka Mad Hen
(http://mad-hen-creations.blogspot.com/)
June no-spend: 0/15 
June wasted money: $0 
June grocery: $0/400
2012 LAPAW: 8.8/20 
2012 Get-Thee-To-The-Gym Challenge: 7/52
: 1136/66,795 
Run/walk challenge: 91/520 miles
Total debt (with mortgage, HELOC, and 1 cc): Jan 2012: $285,105 (Jan 2011: $292,750) 
(2911 days until retirement)
Live as if you were to die tomorrow. Learn as if you were to live forever. Mahatma Gandhi
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12-11-2009, 09:44 AM #9Registered User
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You rock Preston, that's terrific!!
Married to DH 19 years
Pet Mom to Miss Sassy and Samson
2012 Challenges:
Self Image
Pantry and Freezer Challenge
March No Spend Days 3/10
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12-11-2009, 09:45 AM #10Registered User
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Wow, that's awesome! Thanks for the inspiration!
~Kim~
Mom to 2 dogs and 1 cat - Sere, Blue and Shadow
2012 Fling Things - 275/2012
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12-11-2009, 11:53 AM #11Registered User
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Great job!
2012: The Year Of The Purge!
UPDATED: MAY 15/12
2012 FLING - 673/2012 | COUPON SAVINGS $178.93
EMERGENCY FUND #2 - $510.78 | VACATION FUND - $513.58 | CHANGE JAR $222.51
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12-11-2009, 01:39 PM #12Registered User
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Congulation Preston and madhen proud for you.
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12-11-2009, 01:55 PM #13Registered User
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Way to go...we're all very proud of you
Bank of America is THE godfather of Hell with Wells Fargo running neck and neck. When the world ends the only things that will be left are cockroaches, Walmart, Wells Fargo and Bank of America. Not necessarily in that order. The order remains to be seen.
Challenges
Coupon Challenge May
$00.00
Year / $
May/ Grocery
$/Goal $400 Total
Eat Out No More May
Goal 20
Accomp/17
No Spend Challenge
Goal 10/
Accomp/14
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12-11-2009, 09:10 PM #14Registered User
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Now that is impressive. WTG.
Cat
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12-11-2009, 09:14 PM #15Registered User
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Just think, today I've read that 3 people have paid off a credit card and stopped putting money in the CEO's pockets and started keeping it their own. Maybe pretty soon The CEO's won't be taking long fancy vacations and getting millions in bonuses every year. One can only hope .... and I hope it starts with Bank of Hell
Bank of America is THE godfather of Hell with Wells Fargo running neck and neck. When the world ends the only things that will be left are cockroaches, Walmart, Wells Fargo and Bank of America. Not necessarily in that order. The order remains to be seen.
Challenges
Coupon Challenge May
$00.00
Year / $
May/ Grocery
$/Goal $400 Total
Eat Out No More May
Goal 20
Accomp/17
No Spend Challenge
Goal 10/
Accomp/14
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