Friday, March 5, 2010

Light at the end of the tunnel

Last night, in continuing to take baby steps on this Life Diet plan o'mine, I sat down and made a tentative "snowball" budget... Pay off the smallest debt first, take what I'd been spending on that monthly payment + what I can afford to pay above and beyond my monthly bills and put it all on the next smallest debt, etc. until it's all a distant memory.  On paper, it would appear I can pay my credit cards off by November, my car off by August 2011, and from there my student loans in 5 years or less. And let's just say my student loans would buy a small village in Africa, bwahahahaha...

So there IS light at the end of the tunnel and it is NOT an oncoming train!!  I cannot fathom (A) being out of credit card debt this year, (B) having my car paid off in a little over a year [B.1.--having a car paid off and continuing to drive it], and (C) being c-o-m-p-l-e-t-e-l-y d-e-b-t f-r-e-e before I hit 40.

Sweet Lord...  One small kink in the works on getting that ball rolling is that I'm soon to have my wisdom teeth out and will have to hand over $200, so that could set my budget back a month, but still... In the grand scheme (considering I could have been nearing Point B now had I started this last year as originally planned...) what's one more month?

Oh, and my goal is to have $10,000 in the bank about the time the old student loans are paid off.  At least $10K, hopefully more.  Again:  Sweet Lord...

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