: How I can find more info?
: add more plants and put out food for them
: Welcome
As we look for ways to dump frivolous expenses, we are exploring any and all avenue’s to reduce debt. here are ways to deduce debt and eliminate the credit cards.
1. Stop using debt. No more credit cards, stop borrowing. We are strictly a cash only family from this point forward. We have one credit card for emergencies but once the emergency fund is full, that one goes too.
We aren’t desperate enough to burn the furniture, but we have so many unnecessary “things” laying around the house that we have accumulated over the years that it is time to get rid of the crap. I’ve already sold some of unnecessary furniture on Craig’s list. It was an item that we purchased a couple of years ago and haven’t even used ONCE since we’ve had it, so it’s gone to a good home and I am $300. richer. I sold it for the exact same amount as I paid for it.
My taxes were finished today and we were delighted to hear that we will get almost $15,000 back from the Federal government. This doesn’t include the $1,800 we will receive as part of Bush’s economic stimulus package.
We got the generous return because of the losses we suffered in the sale of two houses in 2007. Believe me, we aren’t having too much withheld.
So, here is the plan for the $17000.00 windfall.
1. Pay off the credit card with the lowest balance, currently $4,100. This will allow us to snowball an extra $86.00 a month toward our debt reduction. Combines with my car payment that ends in May, we will have $520 a month to snowball on the next credit card.
© 2010 Six Figure Debt | Entries (RSS) and Comments (RSS)
Design by Web4 Sudoku - Powered By Wordpress
