January 2010 :: Goals

Our goal for January is to pay $1,264 toward our debt. Taking into account the interest that will be charged ($374) , the net will be $890.

So our totals at the end of January should be:

Credit Card Debt    ::  $ 37,481.48
Taxes Owed              ::  $    2,609.66
Personal Loans        ::  $          0.00

Total Debt*              ::  $ 40,091.14

*does not include school loans

And now for the Savings Goals – at the end of January, we aim to have:

Regular Savings  :: $     30
Family Leave       :: $  690
Emergency           :: $  205

Total Savings      :: $  925

According to MSN Money, our debt-free date is still :: June 24, 2012

But I think we can get it all paid off by February 2012, which is 5 months earlier, so we have June as our goal and February as our “push” goal.

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2 thoughts on “January 2010 :: Goals

  1. Stick to it and make it happen! I now need to go put my eyes back in their sockets after reading how much your interest payment was. I give you kudos for doing the ethical thing by attempting your very best effort to pay off your cc debt. You seem very realistic and focused on your goal.

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