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View Full Version : Here is my Accelerated Debt-payoff plan.


Nannynise
07-22-2011, 10:26 AM
This is only the 1st four cards I want to get paid off. If I stick with it they will be gone by May of 2012.

Starting in Aug. 2011

Paypal-$35.00, Roaman's-25.00, Kohl's-$25.00, Household Bank-$40.00-Aug.
Paypal-$32.04, Roaman's- 27.96, Kohl's -$25.00, Household Bank-$40- Sept.
Paypal- paid off, Roaman's -$60.00, Kohl's-$25, Household Bank-$40- Oct.
Roaman's-$60, Kohl's-$25, household bank-$40-Nov.
Roaman's-$60, Kohl's-$25, household bank-$40- Dec.
Roaman's-$10.39, Kohl's- $74.61, Household Bank-$40- Jan.
Roaman's-paid off, Kohl's-85.00, Household Bank-$40-Feb.
Kohl's-$23.13, Household Bank-$101.87-March
Kohl's- paid off, Household Bank-$$125.00- April
Household Bank-$106.07- May paid off

Please ask me how I am doing with this. It will help keep me accountable.

When I get these paid off I will add the other ones that I will also be working on by paying the min. monthly payment until these are paid off.

Denise

love3c
07-22-2011, 10:33 AM
I can keep you accountable!! go :cheer: you!!

JDPudge
07-22-2011, 12:40 PM
:cheer: :cheer: :cheer:

That looks AWESOME!!

Total up the balances... cross them off... and know by next summer you'll have 4 fewer checks to write!!

Laney
07-28-2011, 12:25 AM
:clap: You can do this!!

Writing it down and posting it here will keep you accountable. Posting here is huge for me because my dh isn't interested in hearing that I made an extra $20 payment on one of our CCs. We are all here to cheer you on.

Nannynise
08-19-2011, 12:59 PM
Just wanted to update you.

so far it isn't going that well. I didn't have the extra to pay on the paypal account so it might take a little longer to get that paid off.

I am hoping that when my dh gets his cipp(don't ask me what it stands for) check in a few weeks we can pay off at least the paypal bill. We won't know how much that check is until the week we are getting it (which is in Sept, but don't remember when).

Thank you for the support. We will get this paid off and then not go back there again.

My big goal is to be out of debt except our house by the time Hannah goes to Kindergarten in 2013 (Aug) so I don't have to go back to work. My dh keeps telling me that when the girls are all in school I have to get a job.:gaah:

Denise

love3c
08-19-2011, 02:35 PM
Don't get discouraged!! You'll get there!!

Nannynise
09-22-2011, 06:17 PM
I haven't had anything to post in here, but I am hoping to pay off 1 of these smaller bills tomorrow.

I will post when I get it figured out what I am paying and how much.

Thanks ladies for the encourgement

Denise

love3c
09-22-2011, 06:35 PM
I haven't had anything to post in here, but I am hoping to pay off 1 of these smaller bills tomorrow.

I will post when I get it figured out what I am paying and how much.

Thanks ladies for the encourgement

Denise

:cheer: Yay for 1 gone!!

Kim2005
09-22-2011, 07:26 PM
That's great, Nise! :clap:

love3c
11-12-2011, 06:45 AM
How's it going??? Having success?

Nannynise
11-14-2011, 08:32 AM
Not much, I am still plugging away, but I don't feel like I am getting any where.
I am not giving up though. I am just paying the bills and putting a little extra on the smallest one when we have it.

Denise

love3c
11-14-2011, 01:52 PM
Not much, I am still plugging away, but I don't feel like I am getting any where.
I am not giving up though. I am just paying the bills and putting a little extra on the smallest one when we have it.

Denise

:cheer: YOu can do this!