Debt Dumpers - 2013

Discussion in 'Budget Board' started by StitchesGr8Fan, Jan 7, 2013.

  1. PrincessSuzanne

    PrincessSuzanne <font color=red>Guess I will be eating crow tonigh

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    We got our state back last week and our Federal on Monday, waiting on the second state. I'm putting it in savings right now, we think we need to replace the shocks on our van, so we will see how much that is before we do anything else.

    DH is due to get a bonus when his company finally closes, but we don't know exactly when that will be. He will get half of his re-enlistment bonus in March, but I haven't made any plans for that yet and he may be on orders for a couple of days later that month, that will mean some extra money.
     
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  3. Cinderelly5507

    Cinderelly5507 DIS Veteran

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    Hope everyone is having a great day. Our refund is due to be deposited the 8th. We actually owe in state ($75), so I'll wait to file it. We've decided use our refund to pay our rent for the next several months. This will free up several hundreds of dollars each month that can go towards our debt snowball (temporarily), but should have us paying off a lot if debt by the time we start paying rent again. I think it's the best way to utilize our return and pay off the greatest amount.
     
  4. gracie1

    gracie1 DIS Veteran

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    That is a great idea. Another thought though, if you were to use the refund to pay the debt, would you be saving a lot in interest charges instead of using it to pay ahead on your rent?
     
  5. acename

    acename DIS Veteran

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    Hi everyone

    I haven't posted much, but I've been reading along. Lots of great motivation here.

    I just wanted to share that we paid off our smallest credit card today. It's not much, but having one less bill to worry about each month is a nice feeling. :cool1:

    Keep up the good work everyone.
     
  6. gracie1

    gracie1 DIS Veteran

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    Great job:thumbsup2 It doesn't matter the amount, that's one less bill you have to pay each month!! It feels good to have atleast one down, doesn't it!
     
  7. Cinderelly5507

    Cinderelly5507 DIS Veteran

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    Not really. Most of our stuff is interest free CC and medical. This one card is the only one with interest, but I have changed my plan again. I am paying 4 months of rent and the entire $1966.62 CC using refund and dh's OT. Then I'll still have the rent money to snowball.
     
  8. pianokey

    pianokey Mouseketeer

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    First goal has been reached!

    The gutters are now paid in full, a month ahead of schedule!

    party:
     
  9. PrincessKymm

    PrincessKymm Mouseketeer

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    Great job!
     
  10. gracie1

    gracie1 DIS Veteran

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    Great job:thumbsup2:thumbsup2
     
  11. danielle79

    danielle79 Dreaming of the Castle!

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    Everyone is doing so well!!!!:banana::banana::banana: I'm so glad for everyone! On another note I am so frustrated I went to pay a bill online this morning and realized it was due yesterday, aughhhhhh! So I now have a $30 fee and I am so mad, I haven't had a late payment in a really long time, so frustrating!:worried:I am also submitting a resume that has some real potential but I am scared because of the amount of hours it will require!
     
  12. StitchesGr8Fan

    StitchesGr8Fan DIS Veteran

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    Just paid off a CC that was 0% interest but huge minimum payment! More $$ for the snowball!
     
  13. jessicaerv

    jessicaerv Mouseketeer

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    Call and ask them to waive the late fee; usually they will do so with no problems, especially if you have a history of paying on time and if you call them right away. :thumbsup2
     
  14. gracie1

    gracie1 DIS Veteran

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    Way to go!!!!
     
  15. SnowWhite09

    SnowWhite09 DIS Veteran

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    This is a great thread; thanks to everyone for posting and keeping up our motivation! A special thanks to the OP for starting the post! Well done everyone - keep up the great work! :thumbsup2
     
  16. rachel09985

    rachel09985 DIS Veteran

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    I am in! I started with 6K in beginning of 2013, now am down to 4500. After my tax return I will be down to 2500! That remainder is a credit card that doesn't have interest right now but I will pay that off in no time!

    After that I have $25K in student loans. My goal is to pay off $10K this year. My main focus was my credit cards because they have high interest rates.

    I just paid off an $800 balance today that I have had since 2005! It feels great.
     
  17. gracie1

    gracie1 DIS Veteran

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    Congrats on paying off your cc!! It really does feel great when atleast one of them gets paid off!! And when you see the balances really dropping I think it gives you even more motivation!
     
  18. lttlmc3

    lttlmc3 <font color=darkorchid>You can ship it. I'll still

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    Okay, joining in here. I'm ashamed of our debt and we need to lower it!
     
  19. BernardandMissBianca

    BernardandMissBianca <font color=red>I just love a dancing banana!<br>< Moderator

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    Paying off the last of tuition on Monday. Glad to have that bill off my shoulders.
     
  20. Cinderelly5507

    Cinderelly5507 DIS Veteran

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    DH had a lot of OT, and we got our tax refund yesterday. I'm having a hard time parting with the few thousand dollars to pay off debts. I'll eventually do it, but I like the money sitting in our account. We are following DR, and we have our BEF, as well as sinking funds. It feels good to be in control!
     
  21. gracie1

    gracie1 DIS Veteran

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    I know how you feel about parting with the money! I am still waiting on my return to be deposited, and every cent is going towards debt. I wish it were my fun money and I could take a vacation on it! But I keep looking at the big picture..... I should have my debt paid off by March 29th!!
     

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