April is now behind us, and our debt ditching efforts are continuing to roll forward. As many of you know, my husband and I are working to become non-mortgage debt-free by November of this year. I’m happy to report that as of May 1st, we are on track — and even a bit ahead according to our planned completion date of November 1st.
Throughout the month of April we were able to come up with a total of $2,765.59 to plow through some more of our final consumer debt, a car loan.
Here is a break down of how we came up with this $2765.59:
- Sold CDs to Half Price Books: $60.00
- Sold miscellaneous unused electronics on eBay: $50.00
- Sold curio cabinet on Craig’s List: $50.00
- Received small refund from an overpayment on my student loan payoff: $13.94
- Sold mother board on eBay: $34.00
- Web hosting freelance (Kirk): $357.65
- Budgeted monthly contribution to debt repayment: $2,200.00 (includes $400.00 car payment)
This brings our total consumer debt balance down to $8,892.74!
You know what? With each passing month I’m growing more confident that we’ll be non-mortgage debt-free by this fall. Can you even imagine?
Confession time. This month I did indulge in two purchases that were wants rather than needs. I bought a small container of lemon essential oil ($4.99) to use in homemade cleaning products and a small bottle of Dr. Bronner’s citrus scented liquid soap ($5.99).
I’ve been enjoying these pleasure purchases immensely, so I don’t regret making them. And $11.00 is well within the range of extra spending money we allow ourselves each month. It’s just that so far this year, we haven’t been spending any of our extra spending money! We’ve been finding more joy in watching the cash cushion build up in our spending account.
I keep wondering what would have happened had we not decided to attack this debt like a Navy Seal on Osama Bin Laden this year. Would we still be floating along, possibly dreaming of what “thing” we could upgrade next? Probably.
A year from now you’ll wish you had started today.
It feels so freeing and right to be breaking out of the work-spend-accumulate cycle. I’m SO ready to be done with this heavy, restrictive, suffocating debt once and for all!
How about you? Have you been working of any goals — financial or otherwise? How are they coming along?
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