Brought the Snowball Back

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Christmas is over, we took our vacation/house hunting trip, and only a few expenses remain for our retaining wall project (2 drain tubes and some glue). We are ready to get back on the wagon again and finish paying the debt off.

To recap-

We started with $58,345.16 in debt on March 28th, 2007.

We have paid off our VISA and are working on paying off our two vehicle loans. Our normal monthly payments are $505.11 for the truck and $365.48 for the mustang. During December we made our normal monthly payments but stopped our debt “snowball”. We used money that would have gone towards debt and funded Christmas and a trip to California.

Yesterday I threw a little bit ($20.53) towards debt from a sale I made on half.com. Today (woohoo!) the debt snowball started up again and I was able to throw $1,000 at our mustang debt! I was nervous making the transfer but it’s gone. I know if I keep it in the bank account it will just get piddled away.  The snowball won’t be like this every payday (ha ha, I wish!) but only every other payday because of how I have the bills set up to be paid.

As it stands today we owe $25,757.65. We have paid off a total of $32,587.51 in debt.

I’m itching to get the mustang sold. It will get rid of a huge chunk of our debt. DH will be out of town on a work trip and we will list it after he gets back. I hate how it keeps getting pushed back but I feel more comfortable if he’s here to show it to people. It’s his car and I really won’t be able to answer questions for those who are interested in it.