About Me

Bill M.

26 yr old IT Consultant from Massachusetts married with 2 daughters..

Mission:
To be disciplined and question every expense..

Funds:
Liquid Emergency Fund:
EmigrantDirect: $0.15
Zecco Invest (incl. divds): $9516.53
Current Value Zecco: $7027.32

IRA:
2007: $4000.00/$4000.00 (100%)
2008: $5000.00/$5000.00 (100%)
2009: $480.95/$5000.00 (9.6%)

Debt:
Mortgage: $405,111.16

Credit Cards:
Amex Scas: $ 12.01 (12.9%)
Ch Fredom: $ 0.00 ( 0.0%)
CharlesSw: $ 0.00 ( 0.0%)
Brooke Sa: $4516.75 ( 7.0%)
Hdepot Im: $3126.95 ( 7.9%)
Lowes : $1488.00 ( 0.0%)

HELOC: $25,889.09

Total Outstanding Debt:
02FY08: $56,339.30
03FY08: $54,353.51 -$1985.79
04FY08: $52,029.16 -$2324.35
05FY08: $49,075.10 -$2954.06
06FY08: $45,690.08 -$3385.02
07FY08: $55,516.79 -$3978.91
08FY08: $51,537.88 -$3275.99
09FY08: $48,261.89 +$2778.46
10FY08: $51,040.35 -$4732.34
11FY08: $46,308.01 -$3657.04
12FY08: $42,650.97 -$2815.39
01FY09: $39,835.58 -$4802.78
02FY09: $35,032.80 -

Medical Expenses $10,635.00 PAID

Hope to have CC + HELOC Paid in 25 of 36 months. I am going into overdrive on this debt.

$4802.78 PAID IN JANUARY - RECORD MONTH!!!

February 7th, 2009 at 06:43 am

Well, while the entire is bracing for a recession, I'm in the process of vigorously paying down debt as soon as possible. I have managed to pay down about $4,802.78 for the month of January, I have cut every expense that I had some control over it.

The credit cards that are left are

Brooke Savings at $4516.75
Home Depot Improvement Loan at $3126.95 and
Lowes at $1488.00
for a total of $9131.70

Hopefully I can continue this momentum into February and by April be CC Free!!!!

I have also started contributing to my Roth IRA on a weekly basis as an automatic deduction from my paycheck.

See everyone next month and you guys are fuel that keeps me going. Thanks again for the comments.

Posted in Financial/Banking | 10 Comments »

10 Responses to “$4802.78 PAID IN JANUARY - RECORD MONTH!!!”

creditcardfree Says:
February 7th, 2009 at 06:52 am

Happy dancing for you here!! That is excellent progress. I know you can do it. Keep up the good work!
Ima saver Says:
February 7th, 2009 at 07:18 am

You are doing great!!
LuxLiving Says:
February 7th, 2009 at 07:20 am

Wow! Gazelle intense!! Keep Going, you're doing AWESOME!!
lizajane Says:
February 7th, 2009 at 10:41 am

That is FANTASTIC!!
my english castle Says:
February 7th, 2009 at 11:21 am

Excellent! We're so happy for you.
Smiley2009 Says:
February 7th, 2009 at 03:58 pm

Congrats!!! That's so exciting and encouraging to other's to see your making progress. Are you following Dave Ramsey's plan?
billm950 Says:
February 7th, 2009 at 04:37 pm

Yes, I am a big fan of Dave Ramsey, its amazing, I am a numbers guy and couldn't figure it out, I needed to hear from someone on the outside that there was a problem. I was making money and at the same time not seeing it. Now that I'm paying it down, I am actually seeing the money doing some WORK!
Amber Says:
February 7th, 2009 at 08:02 pm

I am happy for you, it is a wonderful feeling
littlegopher Says:
February 7th, 2009 at 08:15 pm

Wow, you're doing great! April will be here before you know it!!
ceejay74 Says:
February 9th, 2009 at 08:19 am

Woo hoo, under $10K! You did an amazing job!

Bill's Personal Finance Blog

On a mission to discipline....

$4802.78 PAID IN JANUARY - RECORD MONTH!!!

10 Responses to “$4802.78 PAID IN JANUARY - RECORD MONTH!!!”

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