10/06/2011

quick debt load update

Things are getting pretty hectic on a personal level right now, so I won't be writing (at least I say that now) a lot in the short term.  That said, I did want to post a quick update.

We've been sticking to our credit card debt pay off plan (just made $1,500 worth of payments this morning).  Jordan's credit card will be paid off next Friday and then mine will be paid off the following week.  After that, you'll see that we'll just keep hammering the joint credit card until it dies.


I've been travelling a lot which is inflating the balance of our joint card (le sigh) but I've been submitting my work expenses as quickly as I can and keeping track of what's owed in the chart above.  We currently have a bit more than a $1,000 that we'll still be owing come December which is the result of my being offered to purchase shares at work - a huge opportunity that Jordan and I decided to take advantage of.

We still may be able to get things paid off depending on how Christmas profit share and home buying closing costs all work out - but we won't be banking on those things.

Related Posts:

  • Update: LOC, Big Backyard Project, Shares & Escape Pay Off Plan In November of last year, I was offered a Line of Credit with BMO.  We accepted it, thinking that it couldn't hurt to have the funds available - especially with planning our Big Backyard Project.  A few months bac… Read More
  • Student Loan Update: Need $240/bi-weekly.I got off to a bit of a rough start with my debt repayment goals this year with a family emergency that came up in the beginning of February. Now that I have settled that – I’d like to re-visit one of my goals. My primary g… Read More
  • a Plan to Pay off the Escape In November, 2010 Jordan and I purchased a 2011 Ford Escape.  We chose this particular vehicle because we knew in the few short years afterward we would be increasing the size of our family and wanted to be prepared fo… Read More
  • Savings & Debt: Monthly or Lump SumI need help... Jordan and I have a budget date coming soon; and we will need to decide if we should approach paying off the Line of Credit and our Savings (including planned spending) monthly or lump sum as well as if we sho… Read More
  • Tracking Bars UpdatedJust a quick update this morning - We are now permitted to spend the funds we had been required (by our bank) to allocate to closing costs.  While Jordan and I knew that our closing costs would only be beer/pizza/uhaul … Read More

5 comments:

  1. Doing great! Keep it up and you'll have those cards all paid in no time!
    ~ Makky's Mom

    ReplyDelete
  2. I agree with everyone else! You are doing great!!!

    ReplyDelete
  3. You are doing awesome. You are definitely sticking to your plan. I never had any doubts. Try and get some proper rest if you are going to be busy.

    ReplyDelete

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