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YAY!!!

May 13th, 2022 at 05:02 pm

The Husband’s payday is today, and he had a couple of unexpected hours of overtime on his check! I also received a paycheck from my childcare work at my church to the tune of $50.

In our original budget, we were only able to send $140 of this paycheck towards our credit card debt, but with the overtime we were able to send $400 plus my little paycheck of $50, for a total of $450 towards our debt!

I know it is not much, but every little bit helps! And if we were able to send an extra $310 every month, we would pay our debt off a full 3 months sooner. I don’t know how often we will be able to find an extra $300+ in our budget to put towards our credit card, but I am going to celebrate EVERY small win we have! We need all the motivation we can get as this is going to be a long haul!

4 Responses to “YAY!!!”

  1. Jane Says:
    1652466217

    That's great! When I was paying down my debt, when I sent in a payment I would calculate how much interest I would save every month in the future from not paying the interest on that amount any more

  2. crazyliblady Says:
    1652468830

    It sounds like even though you are paying off debt, you are still incurring more debt. In your current budget, do you allocate funds for paying off the charges you are currently making?

  3. Brunette Says:
    1652473518

    Any charges we currently make on our credit card are accounted for in our budget. The problem is that during most of the pandemic, this wasn't the case. We charged willy-nilly and are now trying to clean up our mess.

    We make very good salaries, but were irresponsible. Prior to the pandemic, we were very good about using cash envelopes. We are getting back to a (mainly) cash only budget so we shouldn't accrue more debt.

  4. rob62521 Says:
    1652638078

    That's terrific you could send more to debt that your originally planned. At this rate, you'll get it whittled down.

    Good plan on going back to the cash envelopes so you can watch your spending.

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