Whew! We have had a busy few months – but I’m back with an update on our progress to payoff our mortgage. For those new to the site – We have a fixed, conventional, fifteen-year mortgage. Our goal is to pay it off in less than 10 years. Our progress for the first five years was decent – and we…
Category: Debt Reduction
We Paid Off Our Credit Card Debt Using This Strategy
Micro-Payments That’s how we paid off our credit card debt. Back in 2005, my wife and I created our debt reduction plan. Fans of Dave Ramsey, we established a mini-emergency fund and then we set to work on our debt snowball. We were locked-in and focused – ready to get out of credit card debt. Rather than send just one…
What To Do After You Pay Off That Credit Card
You have selected and begun to execute your plan for getting out of debt – and you have just paid off that first credit card debt. You are awesome! Paying off that first account is an important milestone. There’s a tremendous feeling of satisfaction which accompanies the completion of any worthy goal. Take a while to enjoy the success –…