I just wanted to share my excitement about my new plan! I plan to pay off my credit card by April 1st, before our new buddle of joy arrives in May. It is basically a starter card so it doesn't have a very high limit but it is almost maxed and I want it cleared off with 0 balance. Soo, I will be paying $35 per week toward this and then at the beginning of each month, an additional $50 payment.
I also went shopping at JcPenny the other day for some of their clearance things for the boys and the new baby and at the register I could apply for their card and save 20%. I told the cashier that I highly doubt I would get approved but I would sure try and atleast save the 20%. Well...I got approved!! Now, I know this can be a very bad thing for some people, right? What I plan to do is when I do shop there, which is about once a month now in preperation for the new baby, I will charge it to my card. Then, I will pay off that amount on my card right there with the cashier. I figure this is a great way to build my credit! I don't have much credit and what I do have on my credit report, I am paying off this year. I do have a few medical bills that I am paying on monthly and my biggest one I plan to have paid off within 14-15 months.
I really feel good about this year as far as debt and my credit go. I am going to coupon to save money, stop eating out as much, and put all of my savings toward paying off debt and cleaning up my credit.
Anyways, I just had to share!! :) Do any of you have this same game plan for this year as far as cleaning up credit, paying off debt, saving money, etc?
by BmatFebruary 4 at 12:24 PM
Good for you!!!
by BmatFebruary 4 at 12:25 PM
We are getting new flooring in the house, which takes all of our budget and more. So we have to be very cautious about spending now.
by sukainahFebruary 4 at 1:02 PM
Good for you!
I'm just setting aside more money from my hubby's paychecks, trying to save for whatever may come up.
by QuiltLoverFebruary 4 at 3:04 PM
We dont have any cc debt and we save in our 401K every payday, and save a flat amount out of every paycheck goes to a savings account, we dont even see it
by Juniper53098February 4 at 3:44 PM
We pay off our credit cards every month. The only debt we have is our mortgage.
February 4 at 4:01 PM
We are working on paying off debt still. We have made a lot of progress but it will still be awhile. That sounds great for you though OP!
February 4 at 4:15 PM
February 4 at 5:50 PM
I hope your plan works out!!
by SweetLuciFebruary 4 at 8:07 PM
It's good that you have a plan to pay off debt.
February 4 at 9:06 PM
It's always good to be excited about plans!