Monthly Archives: June 2012

Hello world!

Welcome to! This is your very first post. Click the Edit link to modify or delete it, or start a new post. If you like, use this post to tell readers why you started this blog and what you plan to do with it.

Happy blogging!

Well here it goes!  I’m going to attempt to blog.  I am so new to this blogging stuff but after reading one guys journey in paying his Harvard student loans of $90,000.00 off in seven months I was hooked! I read his entire blog in a matter of days.  It truly inspired me to make very similar changes in my life. Although my total debt with house, car and loan is barely $100,000.00 the same principle can be applied to any situation.

After reading a couple of other blogs It appears to me as though writing this online journal keeps you more committed to the end goal So blogging I shall go.

I read his journey in May and decided to set my sail.  For me small steps and accomplishments are rewarding.  I did a lot of thinking and brainstorming of how I’m going to reach these goals.  And to date I almost conquered the first one of paying off my $4,000.00 loan I will set goals that I will track the progress on here. 

In May I decided that I could pay off my $4,000.00 loan by Christmas this year the interest is at 4.49% the payments are $107.00 Although I pay $120.00 at this rate it should take over three years to pay off.  I had decided though I want out of debt soon because I want to start saving my bail out fund. 

In this journey I have also decided I need to make decisions on what’s important to me in my life and de clutter out everything else. 

So to start my new less debt life, I sold my hot tub it was a couple of years old I paid $2,000.00 for it a year ago (bought used)  and found I didn’t use it very often yet it was in really good shape and bit I figured I could get more money for it.  I ended up selling it for $3,500.00 So to date I owe $500.00 on my loan and christmas is my pay off time.

While this seems so extremely easy and un fair let me preface all this by explaining that I don’t net a six figure income I don’t even barely have a third of a six figure salary.  So it’s not like I’m rich money wise. I make it from payday to payday. 

I like challenges so I decided since I had chucked out such a large amount of this loan I will move up the paid in full date goal to June 15th.  Epic Fail, it passed last week and I didn’t have it paid perhaps I could have but it didn’t happen.  I’m ok with that there are no more than five payments left.

 I am also in the midst of remodeling my daughters bedroom so I have a small amount of funds going to this project. I have set this as a goal to be completed by July 4th.  My daughter is visiting family for a summer break and this is a surprise for her. She had a very modest small bedroom with no closet so I’m changing that.

 I have great friends that are helping me so cost is minimal, only major cost is paying for materials. But if I had paid off the loan and been working on this project I would be overdrawn on my checking account I want to get out of debt not accrue fees!  I already had this remodel planned prior to making all these drastic changes in my world (I will explain more on this later.)

Well I know this first post was kind of all over the place But that is the story behind my blog and what I’m doing. Now that I found somewhere to blog It will be more like a time line of events going forward instead of trying to throw a months worth of activity in a few paragraphs.