I've been giving some thoughts to something and I dont know if I can pull it off. Actually Im pretty sure I cant.... but I keep thinking about trying.
Using the numbers for December:
CC1 has 1235.83
CC2 has 2630.20
Total of 3866.03
With my current pay off plan CC1 will be paid off in Aug '11 and CC2 will be paid off in July '12
I keep thinking about trying to get them both paid off by Dec '11 That is a full 6 months early for CC2. I honestly dont think I will be able to pull it off becuase that means shoving 322.17 for the next 12 months towards principal and I dont know how I am going to find the extra. Right now I am able to put around 150 extra towards principal.
I hate pulling OT at my primary job because it takes away from the care that my animals need in my secondary job.
For those wondering why its so hard to come up with the extra.. .Im paying 796.00 a month towards just min payments on my 30654.21 CC debt.
Now if you really want to be put into shock... for the month of december.. my interest on that debt was 303.40. That's almost my house note in interest.
Now back to the December Numbers. I almost came close to my budget for December. I actually got real close ... well... real close for me.
According to my budget spreadsheet I should have been left with 227.56
I did transfer 100 of that to savings and 25 to help meet my 150 goal towards debt reduction.
That leaves 102.56 unaccounted for. I had to buy a 67.73 part to fix my car. I spent 3 hours doing it myself and saved over 150 in labor costs at the dealer.
That leaves 34.83 out of what I should have had left over. I really dont know what I spent that on... but you can bet walmart was the culprit. Considering I only blew 34.83 I feel like I have been improving just a bit. I hope Jan numbers are even better. At least that is what I am striving for.