Mixed Emotions

This was a weird month for debt payoff. Overall, our total debt went down, but the balance on our credit card increased. BLEH!

I’m holding off another week to actually write a debt payoff post with actual numbers because I’m waiting for final numbers on the credit card.

We did payoff a couple of debts, though, and that makes me happy. We completely paid off the debt to our friend who booked the hotels for our trip to Universal Studios in December. (Side note, she took forever to tell me the exact amount. I had to keep bugging her for it.) Also, by the time I write my next debt payoff post, we will have completely paid off our debt to our plumber as well. So far, we have saved $1550 to go towards that bill; we have $550 left to go.

We have also paid back a small amount to each of The Kids. With every paycheck, both mine and The Husband’s, I deposit $50 into savings. I deposit into our savings account with the first paycheck of the month and the once each into The Kids’ accounts with the subsequent paychecks.

Again, I’m happy to have cleared some debts, but unhappy that we still have so much debt. I’m also really bummed that our credit card increased as much as it did. Going forward, once we send the check to pay our plumbing debt, all extra money will start going to pay off our credit card. I’m so happy that we now have 2 fewer debtors to worry about (or will on March 20 when my retro check gets deposited and I can send the last bill) and that we can start to focus all our attention towards our credit card debt.

I’m excited/nervous to see the actual numbers. I’m guessing our credit card increased by around $1000 total, after interest, but I have to wait and see. And I know I will have paid back about $3000 to various other debts, so I’m very impatient to see what my net gain was as far as debt payment goes. It won’t be enough, it never is and never will be until we have achieved a zero balance on our credit card!

Debt sucks! And the worst thing about it is, once you get yourself in debt, it makes it so hard to get out of debt. It’s hard to live life, pay your bills, and pay off debt. But we will get there. It won’t be fast, it won’t be easy, but it will get done.