Taking the plunge..

**kmsinsa** · 02-01-2006, 11:35 AM

Going ot the bank today to get a cashier's check to pay 1500 on the Cap1 debt...It's making me really anxious just to think about as money will be tight until next payday but it will be an added relief when all the debts are paid off...

**homesteadmamma** · 02-01-2006, 12:05 PM

Great job!! You'll feel so much better once that debt is gone.

**ecgsmama** · 02-01-2006, 12:12 PM

I actually started doing this as well. Every two weeks when I deposit my husband's paycheck, I write a check to the bank for an extra payment on the mortgage principal. It makes it very tight, but I find I'm even more disciplined with how I spend my money. And to see a goal of realistically paying off our mortgage in four years is EXTREMELY motivating. Even dh is on board. I am EXTREMELY excited!

(yes, this is what makes me weird - getting excited about this kind of stuff

)

**Darlene** · 02-01-2006, 12:15 PM

Good for you!

Buh-bye debt

**Valerie in WA** · 02-01-2006, 12:28 PM

Good job!!

I, too, feel anxious when I make an extra large payment. All these "what-if's" start popping up in my head. But none of them ever happen. I have never regretted making one of those big payments. I also just don't mention it to dh. He always wants to have 'cushion' in the bank account, just in case. But it always gets spent.

It's better this way.

**marym** · 02-01-2006, 12:36 PM

I have been writing some big checks to pay off debt. As soon as DH check is deposited I do an online bank payment to the cc, I don't put it off. That way the money is going toward the cc and not to something I just "want"

Won't it be nice when the debt is GONE

I love threads like this, they are inspirational. Keep them coming!

**juliek** · 02-01-2006, 12:47 PM

Woohoo! You will feel soooooo great!

I've also never once regretted making the big debt payments ~ and we've made some doozies over the past year. Even when something expensive did come up, we found a solution or were able to wait until we had the money instead of taking it out of the bank.

Paying down debt aggressively makes you much more creative in other areas.

**kmsinsa** · 02-01-2006, 01:17 PM

Just got back from the bank with money order(s) for 1500. That will make a huge dent in the cap 1 bill.

Now we just need one more w2 and then we will be able to file our taxes and have MORE money to put on debt. Also within the next 2 weeks dh will also be getting $500 back for a security deposit return (we were separated last year and he had his own place). And my check on the 15th will have my holiday pay...so looks like cap1 will be completely paid off wihtin the next 2 weeks. And also starting on the next one.

Ok, Credit Cards..which one of you is next

**Mojjo** · 02-01-2006, 01:35 PM

congrats....it feels good doesn't it?

**tlenad** · 02-01-2006, 01:38 PM

Wow it sounds like you're really making some progress. Way to go.

I find that I don't do well with money in the checking account. I stick any more that I want to hold onto in savings and some how it doesn't get spent but if it's in checking it msyteriously dissappears.

Right now I have $8.95 in checking that will need to last me until 2-10-06 and I'm perfectly comfortable with that. I do have some cash on hand and the only money I'll need to spend is on gas.

And just as a side note, I love this smilie...

That little guy is my Best Buy Card right now.