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The debt reduction plan

January 15th, 2007 at 07:24 pm

With the income that we have now.This is my short term debt reduction plan.

cc#1: 1,933- gone by end March.
cc#2: 2,827- gone by end June.
cc#3: 2,936- gone by end Oct.

There's more but this is the short term focus goals. With adding in more income from a second job I hope to see these banished before the dates listed.

Posting this I feel will make me more accountable.

By looking at my spending I can see where I can cut back more. I need to set a mad money amount and not go over that.

I want to add a note about our tithing. We only got serious about this three months ago. Shame on us. Before that we were giving only occasionally. It is now priority. Since the giving began we have seen suprise new $$.
~ a refund from the endodontist over $100
~ dh has overtime, which is unheard of for his ever increasing penny pinching company.
You don't even know what a huge blessing the overtime is!!
I know that we can do far more with 90%, when we give 10%, than we could ever do with 100%. Since giving we have put away $400 into an EF account. I have the challenge going as well.

It's going to be an exciting year as well as a valuable lesson learned year. It is such a huge priority to us. We don't want to be held down. We have dreams, goals and a new life that waits for us just beyond the shadows we currently stand in.
So the journey begins.



5 Responses to “The debt reduction plan”

  1. rduell Says:

    Good for you!

  2. LuxLiving Says:

    You are on your way!!

  3. monkeymama Says:

    Good Luck - sounds like a great start!!

  4. living_in_oz Says:

    About tithing...I found the very same thing. I always paid the bare minimum. You know, a dollar one Sunday, then maybe $5 the next Sunday. Finally, I decided to get serious with my tithing(and my giving to others in general). Wow! What a difference! I seem to have more than before! Sometimes I actually think "where is this money coming from". Our bills still seem to be the same, yet we have a surplus that wasn't there before.
    Normally, I don't mention things like that on the blogs. I don't like to sound preachy. I would never look down on someone who decides to live and give differently than I do. But, it was nice to see you mention it, so I could tell my story tooSmile

  5. Cents and Simplicity Says:

    Hey, thanks for the encouragement. I'm excited to have a plan and be doing the right thing. It really is amazing to see.

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