We did it...

**FrugalMomof3** · 02-01-2006, 06:30 PM

Hubby and I got our income tax check already AND some money from selling piece of land we had and weren't using...

What we did was pay off 12 CC's and put $1000 to one card and $1000 to another card, $300 to one and then $325 towards another, leaving us with a little over $2500 left of debt to pay and also have $300 to spare, until hubby gets paid again, then we have other bills to pay like $205 electric and our bi-weekly mortgage payment + I scheduled a CC payment to one of the left over cards of $100 (normally we would pay the min. $20 + $10 extra).

I am just glad to say that if we had $150 left over after hubby's bi-weekly payment and that's after paying credit cards, bills, mortgage, we now will have an extra $300 a month to save. YAY!

I also had a little stash that was going to be used to go to the thrift store that I am instead going to the water bill which is $62 (now not having to take it from hubby's paycheck) and I will have $40 for the thrift store instead.

It feels good, AND GUESS WHAT? I shredded almost all of my cards leaving me with a CC with a small credit limit of $250 in case of emergencies and I have another card that I HAVE NEVER USED with a limit of $3250 (which I will never use unless it's a dire need). That's it for me! I even told hubby that if we dont have the money in our bank account to buy something then we just dont need it.

I want to say THANK YOU to all the wonderful ladies on these forums that have helped me learn about frugal living, I will continue to be frugal but I have learned ALOT about stockpiling, snowballing (which I am going to do) and so many other things.
I now have a change jar and a penny jar and an EF and I would have never done that without the thoughts and encouragement for this community.

THANK YOU ALL SO MUCH!
~Tracy~

**homesteadmamma** · 02-01-2006, 07:05 PM

Woo hoo, congratulations.

**juliek** · 02-01-2006, 07:22 PM

Fantastic job!

**tbs727** · 02-01-2006, 07:23 PM

WTG!!!

**midwestgal** · 02-01-2006, 07:32 PM

Wow! You are one quick learner! WTG!

**motivated** · 02-01-2006, 07:33 PM

Strugglingmumof3,

You must be over the moon having paid off all that! Very well done!

Think of all that increased income you now have and
how you can use it - you have had a big pay rise in effect -
roll on
for all of us to be doing the same - I know I can't wait until freedom day comes