When I got back from Palm Springs last month I had shared that I had done quite a bit of shopping, but was on track to paying it off - well, I was. I've said before that when I have a visa balance it's too easy to justify spending more. The "It's just $50" and the "what's another $20" - added up before I knew it.
I'm not going to detail everything I've spent money on, but a lot has been for both Jordan and myself - I tend to pick up some of our discretionary spending on my visa (I know, I know - bad Jessie).
Below is my plan to pay it off! My current balance is gross....$1,545.53.
The breakdown...
- I have some money in my PayPal account from some advertising revenue
- I have $100 currently un-spent in my chequing account
- I've committed $500 from my next pay day to put on my visa (May 28th)
- I've transfered $105 from my gift fund
- I've transferred $136.62 from my emerg fund (takes me down to exactly $1,000)
Finally, Jordan has offered $500 to help me pay down my balance. A lot of the spending was ours (I just have a bigger visa limit then he does). He will be getting a $1,000 grant for completing his first year apprenticeship in a month or so and offered to help. I hope he takes the other $500 and does something fun with it.
Gosh I do that too Jess...
ReplyDeleteI've tried to use my credit card responsibly but I honestly can't...it's in the freezer where it belongs :)
I've noticed I often fall off the wagon even though I know better...it's all a learning experience!
Aw. I've done the same thing. We do use our credit card, even though we'd been paying it off (almost done, one more payment)! But it definitely would have been paid off faster if I hadn't added to the balance here and there. Glad you came clean, I know you'll pay it off!
ReplyDeleteAw. I've done the same thing. We do use our credit card, even though we'd been paying it off (almost done, one more payment)! But it definitely would have been paid off faster if I hadn't added to the balance here and there. Glad you came clean, I know you'll pay it off!
ReplyDeleteYes...i do this too I'm trying to clean up my act :) don't worry you're responsible it will be gone in a flash. Great to have a game plan.
ReplyDeleteWe've all done it. Glad you had a good time in Palm Springs. Its been so long since I've been there. But they have a great downtown night, think its on Thursday nights. Has food, music, etc...
ReplyDeleteAnyway... what matters is that you have a plan to pay it off. Just stick to it and all will be good.
Did you take the tram ride up the mountain?
It doesn't take long to sneak up. The power of the zero balance is awesome, as you know, so I am confidant that you will get there again.
ReplyDeleteit happens. the key is to recognize it and stop it.
ReplyDeletei am actually composing a blog post about how our debt has increased in the past year too rather then decreased.
maybe it's the time of year to fess up and get back on track?