Author Topic: Destroy Debt by December!  (Read 369 times)

magnet18

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Destroy Debt by December!
« on: November 02, 2018, 12:34:56 PM »
Whatever goal IT is for you!
Debt, savings, fitness, etc.

For us it's debt, today we crossed the threshold of owing less than 10K on our home! (We owe $9,999.99)
Given that it's a used RV with a 7% (!!!) Loan, we are officially attacking it hard, and set a goal to destroy it by January

My mapped out burn down is something like this

11/09 - 847.43
11/16 - 970.88
11/23 - 847.43
11/30 - 970.88
12/07 - 847.43
12/14 - 970.88
12/21 - 847.43
12/28 - 970.88

For those good at math, that leaves $2726.75, which will be covered by the cash freed up selling my Jeep (bundling two goals into one here!)


Who else has goals they want to destroy in the next 8 weeks‽

EDIT - changed title for some better alliteration
« Last Edit: November 03, 2018, 07:10:55 AM by magnet18 »

lexde

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Re: Destroy it by the end of the year!
« Reply #1 on: November 02, 2018, 02:31:12 PM »
I want to kill my student loan debt. I’m at $6.1k right now and just want to be done with it. So hopefully dumping $1k each paycheck and then using my eFund to kill it on 12/26/18 (so it posts before EOY).

Also want to kill my extra weight. Shifting back to low-carb starting right now. Goal is to complete 20 workouts (45-60 hour HIIT) in November and 20 in December.

Let’s do this.

magnet18

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Re: Destroy it by the end of the year!
« Reply #2 on: November 02, 2018, 02:40:18 PM »
I want to kill my student loan debt. Iím at $6.1k right now and just want to be done with it. So hopefully dumping $1k each paycheck and then using my eFund to kill it on 12/26/18 (so it posts before EOY).

Also want to kill my extra weight. Shifting back to low-carb starting right now. Goal is to complete 20 workouts (45-60 hour HIIT) in November and 20 in December.

Letís do this.

Do it!
I think I'm gonna go full mustache and print out a chart for the fridge!

lexde

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Re: Destroy it by the end of the year!
« Reply #3 on: November 02, 2018, 02:41:25 PM »
I want to kill my student loan debt. I’m at $6.1k right now and just want to be done with it. So hopefully dumping $1k each paycheck and then using my eFund to kill it on 12/26/18 (so it posts before EOY).

Also want to kill my extra weight. Shifting back to low-carb starting right now. Goal is to complete 20 workouts (45-60 hour HIIT) in November and 20 in December.

Let’s do this.

Do it!
I think I'm gonna go full mustache and print out a chart for the fridge!
I’ve done that before! It’s very encouraging.

magnet18

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Re: Destroy Debt by December!
« Reply #4 on: November 08, 2018, 11:26:41 AM »
11/09 - 847.43  paid 521/847 remaining $9489.90
wife was sick last week and therefore made less money
11/16 - 970.88
11/23 - 847.43
11/30 - 970.88
12/07 - 847.43
12/14 - 970.88
12/21 - 847.43
12/28 - 970.88

Amount from jeep now $3052.6 to keep schedule

We spent
45/50 budgeted for gas for the week
121/200 budgeted for food/misc for the week
607/987 budgeted for the rest of the year
Things aren't looking too bad!


Angelhair

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Re: Destroy Debt by December!
« Reply #5 on: November 09, 2018, 05:11:55 AM »
So the following will be paid off
 
House has $418.00 left - paid off in December
Car has $1,122.00 left - paid off in January

Next to be worked on
Personal loan for son's wedding has $6,812.00 left
CC has $7,200.00 left

RWD

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Re: Destroy Debt by December!
« Reply #6 on: November 09, 2018, 07:06:18 AM »
So the following will be paid off
 
House has $418.00 left - paid off in December
Car has $1,122.00 left - paid off in January

Next to be worked on
Personal loan for son's wedding has $6,812.00 left
CC has $7,200.00 left

You're paying off your house before your credit card? Is the credit card like a promotional 0% rate or something?

lexde

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Re: Destroy Debt by December!
« Reply #7 on: November 09, 2018, 08:18:57 AM »
I want to kill my student loan debt. I’m at $6.1k right now and just want to be done with it. So hopefully dumping $1k each paycheck and then using my eFund to kill it on 12/26/18 (so it posts before EOY).

Also want to kill my extra weight. Shifting back to low-carb starting right now. Goal is to complete 20 workouts (45-60 hour HIIT) in November and 20 in December.

Let’s do this.
$5,531.30 left with 52 days left to kill this debt. That’s $106.37 per day, so I’d better hustle!