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Closer to Pay-Off

February 15th, 2019 at 05:06 am

One month in I have paid a quarter of my credit card balance. By the end of this month, I plan to add an additional $350. I hope to add a little more than that if the budget allows. My goal is to pay this off by April 30th.

DH started a new job three weeks ago and so far he has worked overtime every day. Needless to say, it is a major boost to our income and has helped accelerate our debt pay-down.

We had to reduce our scope on our side business since DH started his new job. But it was always designed to be a way to make some extra money and as a fall back if we come to hard times, which we just came out of.

I returned to the gym and started doing the classes offered. There is a 6-week challenge which I signed up for and the grand prize for most % of weight lost is $3,000, 1-year free membership, and 5 or 6 free personal training sessions. The buy-in is $35.

Now that I have become a little more fitness- oriented, I did a little research and found cross training footwear geared toward Zumba and Boot camp classes that is highly-rated. Hopefully they will soften the impact on my knees more than my current footwear. They cost $79 on Amazon.

For these type of expenses, I began to use an under-utilized checking account and I call it my "wellness" account to cover things that FSA doesn't (i.e. vitamin supplements, gym expenses, athletic wear and such). I deposit $25 a pay period into this account.

2 Responses to “Closer to Pay-Off”

  1. Petunia 100 Says:

    Hi, I was just wondering if you had considered refinancing your mortgage? 6.375% seems high.

  2. Trying to get ahead Says:

    P100, yes DH and I were discussing that but we couldn't because I was the only one with a stable income at the time and we were underwater. Our debt/income ratio was much higher than it is now. So actually, now that he is employed and the property value has gone up, and our debt has gone way down, it is be a good time to refinance. Thanks for bringing that up! Smile

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