February 2010 :: Goals

Our goal for February is to pay $1,264 toward our debt. Taking into account the interest that will be charged ($389) , the net will be $875

So our totals at the end of February should be:

Credit Card Debt    ::  $ 36,770.86
Taxes Owed              ::  $    2,433.58
Personal Loans        ::  $          0.00

Total Debt*              ::  $ 39,209.44

*does not include school loans

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

Regular Savings  :: $      65
Family Leave       :: $ 1,047
Emergency           :: $    485

Total Savings      :: $   1,597

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

But we are continuing to push to try and get it all paid off by February 2012, which is 5 months earlier – it would be so great to have everything paid off in two years!!!! I can just imagine it!


2 thoughts on “February 2010 :: Goals

    • Thanks, William – it certainly has made it less ominous to break it into smaller goals. Had you told me 18 months ago that we would have been able to reduce our debt by $20K in a year, I would have called you mistaken – but this method has made it work! Thanks for your support!

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