It’s time I got aggressive with my credit card debt.
Welcome to the new week everyone.
I started the year with $35,000 in credit card debt. By asking my credit card companies for lower rates, taking advantage of a balance transfer, and sending off big payments made possible by living frugally, I’ve managed to knock this balance down to $10,500 at 0%, before switching my focus in June to paying down my student loans.
And while I’m proud of the sacrifices I’ve made to get here, I want one big win this year and I want it to be having paid off all $35,000 of my credit card debt in one year.
I named a “Drop-kicking credit card debt in the face” account at my bank for the purpose of paying off my credit card in December, before the 0% balance transfer rate expires. To get it started, I’m dropping my emergency fund from $7,800 to $5,000. This amount would cover just over three months of expenses in the event of an emergency and give me a starting balance of $2,800 in the DKCCDIF account.
October Goal #1: Get my DKCCDIF account to $5,000
October Goal #2: Pay $800 toward my student loans
I’m making credit cards my big priority for the next couple months, but would lose my mind if I saw my total student loans go up. Paying $800 will cover one month’s interest
October Goal #3: Refinance my property
At long last and without warning, Green Tree Servicing finally sent me a letter last month telling me that they were finally in possession of my loan. I’ve got much more to say about this servicer which I’ll save for a later post. For now, I’ll say that they’ve told me that they’re ready to start the paperwork on my HARP refinance, so one of my goals is to submit everything — including an appraisal — to get this process moving.
October Goal #4: Network hard at PerFinBlogCon
I’ve mentioned previously that I’m going to a personal finance blogger conference this month. One measurable goal that I’d like to work toward is getting to know 20 people — five per day — across the four days of the conference
October Goal #5: Run 80 miles
Fall in New York is forecast to stay unseasonably warm for October. It makes sense for me to enjoy it.
As should you all. Hope everyone has a great October 🙂