2013 Goals

I know that many people  set new years resolutions however many people do not hold to these!! This year I have set goals because goals are more obtainabble

1. Pay off Credit Card Debt- I have roughly 14k dollars in credit card debt!!
2. Lose 50lbs
3. Have an emergency fund of 5000 dollars
4. Start saving for a house- My goal for this one is to have 2000 dollars by the end of 2013!

With the last year I had to put alot of stuff on credit card due to my divorce. This year I want to get it paid down and paid off. I hope to get it down to zero but I am realistic and know that if I can pay off at least 10k I will be happy. Once the cards are paid off I plan to put them in a card of peanut butter and stick them in the deep freezer. I know extreme but I need to keep this debt off, as I start paying on my student loans in 2014.

I am still working on my weight loss goal and plan to stay on track with losing weight!!

The last year I have had several car emergencies pop up!! New transmission, new tires, new alternator, new timing belt, and more and more and more!! As you can see I must have this fund in case I run into this issue again. This one will be tough as I WILL be focusing on my debt but I plan on getting this done!!

I do not plan on buying a house for probably 10-15 years as I want to buy a house in North Carolina!! During the time that my girls are young I will be putting money aside each year so that when they graduate from high school, I will be able to move and have the money ready to put down on a home!!

As you can see I many goals that are for this year but are also for the next several years has I get ready for new phases of my life

Debt Snowflake Month 5

So we are heading into another month of paying off debt and while I have not updated in the last two months I decided that tonight was the night to update. You will notice that my capital one card went up a tiny bit and that is due to the fact that I went out of town and used it while out of town. I hope to pay it down quite a bit more in the next two month.

Capital one = June (3626), July (3804) = +178

AAMCO = June(0), July(0)= 0

Rooms to Go = June(932), July (0) = -932-Paid off.

USAA= June (7823), July (7619) = -204

Best Buy= June(998), July (1001)= +3 – I am so ready to have this one paid off.

Personal Loan= June(1000), July(700)-300

March Debt = 17194

April Debt= 16505

May Debt = 16056

June Debt= 14379

July Debt=13124

Amount of Debt Paid off from March to July= 4070(23.671%)

Amount of Debt paid off from June to July = 1255 (8.728%)

Debt Snowflake Month 4

So we are in the middle of June and I have made some great headway on my debt. I did not get all my student loan money in yet so I did not make as much as a headway as I would have liked however I was able to pay one of the cards off and I made headway on several other ones. I hope with my money that I get next month I am able to make more headway on the other cards and plan to add more to the amout of my payments.  So without further ado!!!

Capital one = May (3893), June (3626) = -267

AAMCO = May (375), June (0)= -375- Woo hoo paid off

Rooms to Go = May (1397), June (932) = -465

USAA= May (8079), June (7823) = -256

Best Buy= May (1337), June (998)= -339

Personal Loan= 1000- still owe

March Debt = 17194
April Debt= 16505
May Debt = 16056
June Debt= 14379

Amount of Debt Paid off from March to June= 2815(16.37%)
Amount of Debt paid off from May to June = 1677 (10.44%)

Debt Snowflake Month 3

Well another month has come and gone and we now facing heat in beautiful Texas. I am sure by August I will be begging for snow.  May was another month of challeneges in getting my debt paid down, however I am trying to pay extra but it seems like I am running into major challenges. This month was not getting my travel check ontime and having to buy birthday gifts. However as we head into June I am waiting on about 5k in student loan and reimbursment from the state for school. Yes I know student loans will need to be paid back but I want all the other debt paid off before I start paying on those wonder full loans. I will update later this month once I pay on all of my debt and may even be able to pay some off.


Capital One = 3999 (April), 3893 (May)= -106

AAMCO - 375 (April), 350 (May) = -25

Rooms to Go- 1510(April), 1397 (May) =- 113

Besy Buy - 1319 (April), 1337 (May)= + 18- This one has made me so mad becasue there is a fee that I did not authorize so  I am contesting it

USAA- 8302 (April), 8079(May)= -223

Personal Loan - 1000

March Debt = 17194
April Debt=  16505
May Debt = 16056

Amount of Debt Paid off from March to May= 1138(6.62%)  
Amount of Debt paid off from April to May = 449 (2.72%)

Debt Pay off

So as i mentioned before my husband and I have a lot of debt due to bad usage of credit card. Currently we are working on getting them paid off using student loans. While we are using peter to pay paul we have found that this will work with us because once i am done with my MSW we will only have student loans and the house payment that we will be paying on. This next school year we are focused on getting all of our credo card debt paid down and off. Next school year we are going to focus on our cars which will be paid off by the end of 2014 however we don't want the payments after 2013.

This is currently the debt that we have

Jessica's
braces-468
capital one-1919
ge money-1305
car 9791

Matt's
Ge money-684
capital one-3864
truck-8860
best buy-1504


I got a refund of 3800 in my student loan. We are also going to putting money aside because this year we ran into several huge emergency and did not ahem the money for them. We are trying to keep 2000 in savings and are hoping to build up to 10k by the end of 2013.

This is what will be paid off

Jessica
braces-468
capital one-200
ge money-none currently as it has no interest rate
car- none

Matt's
ge money-684
capital one-300
truck-none
best buy-200

We paid off a total of 1852 of our debt. Woo Hoo

In January I will also get 2500 from my job as they are assisting me. Plus another 3800 from student loans. After we get that money we will sit down and look at what needs to be paid next and how much.

The good thing is that since some of these things are paid off and down we can add more money to the big capital one bill.

I am looking forward to being debt free.