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Upcoming Payoffs

October 15th, 2015 at 08:18 am

I hope it doesn't seem like I've completely fallen off track with the debt pay-offs what with the wedding and the upcoming trip. I've just had more things on my mind. I do have several payoffs coming up, but it definitely does not look like I'll be able to do it all by 30. Granted, the 30 plan came about when I was still single, living rent-free, and only had 1 pet. My, how things change! I'm thinking the new plan will be all consumer loan debt, leaving both DF and I with just my student loans in terms of debt.

Anyways, my 401k loan will be up in November adding $250/month back to my account. As punishment for taking it, I did force myself to pay it back in addition to my regular retirement contributions, so I'll still be saving 10% after the loan is done. The loan I took for my mom (2 years ago, not the recent one I denied her) that she pays will also be up in December. While this doesn't add anything back to my budget, it does increase my credit score. I also think I will be able to pay off 2 credit cards in full by March or so (the Chase Freedom and Slate). Chase Freedom just became interest-bearing and has $1500, so that will be the first to go, but I won't be able to do it in a single month. Slate is about $700 and still has no interest until May or so. After that, I'll just have the one credit card with a balance of $4500.

5 Responses to “Upcoming Payoffs”

  1. creditcardfree Says:

    If you buy YNAB tonight here's my referral code to get $6 off your purchase. Total is then $54 rather than $60. No problem, if you already decided to use someone else's referral code. Smile

  2. Debt-free by Thir-ty Says:

    I was actually going to use yours CCF! Thanks for saving me the trouble of tracking it down Smile

  3. Joan.of.the.Arch Says:

    Debt-Free Soon After Thirty?

  4. Debt-free by Thir-ty Says:

    Ha! I certainly hope so. I'll have about 30k in student loans, but most are 2-4k, so I should definitely have some quick wins. The 10k and 12k ones will be more grind it out. I would say worst case: debt-free by thirty-three! I hope it comes sooner than that though...

  5. FrugalTexan75 Says:

    Progress is progress Smile

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