Commitment to my 5 YEAR PLAN

**Beejay** · 01-16-2012, 06:49 PM

Originally Posted by cadamsgis

I was talking to my sister the other day and mentioned my 5 YEAR PLAN to be completely debt free. She sarcastically reminded me that I've talked about being debt free for the last 15 years and it’s a repeating record. I had to acknowledge that was correct but this time I actually have a PLAN not just talk. My sister did wish me good luck with the PLAN.

I had joined the 12/12/12 project posting that I had already paid off 1 and 2 and the goal for 12/12/12/ was the next three items on my initial list.

The other day someone at work asked me if I wanted to take a swim class and I said that it wasn’t in my budget. They asked me if the class was expensive and I said I had no idea. They looked at me like I had 3 heads. I added that I can do laps or aqua jog on my own (which I had started in December but got pretty sick and took 3 weeks off but have started again this week). Someone else overheard the whole conversation and said something teasing (I don’t remember what they said) but I sweetly told them don’t be jealous when I’m completely debt-free. I have a 5 YEAR PLAN.

YOU GO, GIRL !!

**cadamsgis** · 01-19-2012, 01:57 PM

I wanted to thank everyone for the encouragment and kind words

cat

**Cricketlegs** · 01-20-2012, 10:16 AM

You can do this. Just remember how you feel right now and dig deep and get it done!

**ama** · 01-20-2012, 02:23 PM

I think we all kind of KNOW what needs to be done but it's tough in this consumer world we live in. I "lost" this site for years and logged back in yesterday only to see that my 2007 goals of paying down debt were CHILDS PLAY compared to what it is now. **sigh. I'm in, I'm in. We also bought a house last year, very small, our mortgage is less than our apt rent was. Cheaper to heat and I knew our son would be leaving soon, and he did. Remember, only YOU have to live with the choices you make, good or bad. Who cares what anyone else thinks.

**cadamsgis** · 01-27-2012, 07:49 AM

I paid off number 3 today.

here are my updated numbers. goal to have number 5 paid off by 12/12/12

1. 1000
2. 1035
3. 470
4. 2480
5. 23,272
6. 72,573
7. 19,573
8. 60,094

I had 8 debts october 2011 when I started my 5 year plan and now I have 4.

WOO HOO

I will also post this in The 12/12/12 project! thread

**Cricketlegs** · 01-27-2012, 08:11 AM

You're doing a great job! Keep it up!

**tripleb** · 01-27-2012, 02:59 PM

You have an awesome plan! Keep up the good work and keep us posted on your journey.

**SheKat** · 01-28-2012, 08:28 AM

Well done. You are going to make it!! Just keep doing what your doing!

**cadamsgis** · 02-21-2012, 08:05 AM

I was able to take a nice hit at number 5.

here are my updated numbers. goal to have number 5 paid off by 12/12/12

~~1. 1000~~
2. 1035
3. 470
~~4. 2480~~
5. 16,094
6. 72,573
7. 19,336
8. 67,996

Honestly, I'm feeling a bit overwhelmed with the remaining numbers and the fact that it seems like it will never be completed and I will be debt free.

Why o why? do I do this to myself? Instead of looking at the accomplishments of what I have achieved - I just focus on the negative of what a mountain is left. But in reality I need to check myself. I just added up the numbers and since October 2011 I have paid off 16,388 towards the debts. that is absolutely amazing!!!!! But that was the last of the windfalls in my future - now to just chip away every 2 weeks when I get paid. And I am honestly right on track for the 5 YEAR PLAN. I didn't get in debt in one day so it stands to reason I won't get out of debt in one day.

I will also post this in The 12/12/12 project! thread

**cwaltz** · 02-21-2012, 01:50 PM

In little over 5 MONTHS you have managed to pay down almost $10,000! You have almost 10 MONTHS(double the time you've already spent paying the first $10,000) to chop away at that 5th goal. If you keep this up that $16,000 debt should be gone before Christmas just as you projected. Don't be discouraged.

**cadamsgis** · 05-01-2012, 09:53 AM

It has been a while since I updated my progress here so I figured I'd let everyone know what is going on. I haven't written in a while but have been steadily lurking reading everyone else's posts.

Murphy came to visit with car repairs, lawyer fees, and a few misc unexpected expenses. Plus lots and lots of thoughts about our future and possible relocating. It has been a stressful month to say the least. But I've decided to just stay the course and keep on keeping on here and stay at my present location and job.

I was only able to pay 275 extra in April.

I decided to list everything from when I started in Oct 2011 to help me see the progress:

Oct 2011 -> April 2012
1. 1000 -> 0
2. 1035 -> 0
3. 875 -> 0
4. 2480 -> 0
5. 24,521 -> 12,806
6. 19,715 -> 19,126
7. 73,269 -> 72,028
8. 68,676 -> 67,701

My main focus is with number 5 in red all of my snowballs are aimed there.

I've been giving this a lot of thought have decided to switch number 6 and number 7 in the order of payoff. Mainly because I think the psychological aspect is stronger for me to have less number of debts - that whole feel like you're making progress thing.

There are rumors of 2 bonuses at my job one at the end of May ($1000) and one at the end of July ($1250). I have already figured out how I'd use them in my snowball but I told a friend of mine I wouldn't spend that money until you have it in the bank because who knows if it will actually come thru. We don't normally get bonuses but since we have not had any raises or COLAs in 4 years that is what was proposed. Also got to remember those darn taxes will come out of it too.

**Rosebudget1** · 05-01-2012, 10:33 AM

Congratutions!
You are an inspiration! Keep up the good work!

**Emjo** · 05-02-2012, 01:53 PM

Great job! Don't let the numbers discourage you...you've already chopped #5 nearly in HALF!

**NikoSan999** · 05-02-2012, 06:40 PM

I think you're doing great. I can understand swapping the #6 & #7.
Hope you get the bonus and hope hubbys hours are back to semi normal at least.
Keep us updated

**larabelle** · 05-02-2012, 09:11 PM

Just ignore all of the people who make fun or criticize you!! I can empathize with you!! When I decided I wanted to be debt free there were LOTS of people in my life who made fun of me, including my family members..I just sucked it up and kept going!!! YOU CAN DO IT....Practice affirmations/ positive thinking like:
I am clearing my mind of can't. From "Clear your mind of can't" by Samuel Johnson
"Never give up..never give up...never give up" or "When you are going thru hell just keep going" by Winston Churchhill
Also remember as Dave Ramsey says “this getting out of debt business is like cooking in a crock pot” the process is slow but steady.