In addition to paying off our unsecured debt, we had the following goals for 2007. I spent some time this weekend revisiting the goals and seeing how well we are doing thus far.
(1) No credit card spending. We have done well with this goal. Husband and I closed all our credit card accounts except for one each with BOA. We have not charged any expenses to our credit cards except our monthly ADT bill and my SunPass (auto toll paying device) is also linked to my credit card. So far in 2007, $310 in ADT and SunPass charges have been billed to my BOA card. I don't count these charges as credit card spending because I would be paying the monthly payment for ADT each month and the SunPass charges as they come up. I could switch the ADT charge to auto billpay with Wachoiva, SunPass works best if it can automatically replenish. As I was adding up my BOA charges for 2007 I noticed that BOA recently increased my credit limit to $17,000. I don't think I need that much credit and plan to ask them to lower by $5000 to $12,000. I wonder if my husband's limit was also recently increased, need to ask him.
(2) Increase ING emergency account to $8200. The current balance for our ING e/r account is $3963 which is not quite where we should be to accomplish this goal by the end of 2007, but we have used the e/r account for A/C repairs for our investment property and for car repairs.
(3) Retirement goals. My Raymond James IRA acct. has lost money (I didn't set any goals for this account). I have already, even with the poopy market the last 2 weeks) met my 2007 goals for my 401k which included increases both based on contributions (I'm maxing out my contributions this year) and performance. I'm only $2000 away from meeting my 2007 overall savings/investing goals. This goal does not include my husband's investments/retirement accounts.
(4) Wachovia savings account. I currently have $750 in my savings account (this account makes very little interest and I mostly use it as cushion for my/our various checking accounts). I would like to increase this account back up to about $1000 because with our very aggressive debt payments I often find myself close to $0 in my checking account. For example, I currently have about $50 in my personal/primary checking to last me until 8/15 (due to recent car repair bill). I do have a couple of reimbursement checks to deposit but I likely will need to transfer some money from my savings.

All in all, I think we are on track to accomplish our financial goals for 2007.

Here are our numbers as of Thanksgiving: we have $6,459 in debt left to pay. We have paid off $49,078 or 88% of our debt.

I don't think that we are going to make our goal to pay off all our usecured debt by the end of this year due to the expenses of the holidays, a solo trip up to the family for me pre-Christmas, and a New Year's trip with my husband's cousin. The New Year's trip has not been budgeted for, but husband's cousin has already spent the money to rent the condos so we feel like we can't not go. The funny thing is that I read Total Money Makeover over New Year's 2006 on this same trip, so we are going back to where it all started. This time around, even though the trip is not budgeted we will pay cash for the condo rent, travel costs, and food and entertainment instead of using credit cards.

According to our pay off chart, we should be down to $4,272 in debt so we are about $2,187 behind schedule and I just don't see us catching back up during December. I'm looking forward to hitting the $50,000 mark, but bummed that we likely won't meet our year end goal of being debt free.