So, we have this huge glorious plan all worked out now. I now have the full attention and cooperation of Mr. Monkey. This differs from all my previous really huge glorious plans simply because this time he understands what has to be done and is all about making sacrifices and sticking to it. He has now seen what the money we have can do if we quit blowing it all. After a couple of years of whining about not having my rapid debt payoff software I had been using and couldn't get for Mac, he finally sat down and made me this worksheet in Excel so I could plug in all the numbers and figure out how long it is going to take to pay off our credit card debt with the extra money that we have each paycheck after the expenses are budgeted out. If we keep our shit together and nothing drastic happens within the next year, we will be debt free a few months before the end of next year. This estimation is minus the loan we are still paying from the mess in Iowa, of course. That will be insignificant once this is gone though. After the credit cards are paid off that loan can be paid off in a matter of about four months. At the present time I have been paying on it for four years. The van lease will be up next December. We should be doing extremely well. I think I will start planning a vacation or a cruise or something huge.

If we don't stick to this payoff plan, we not only don't take off the balances but we end up paying even more because of the interest adding up. I am willing to stick to the plan as long as the light is actually at the end of this tunnel. Right now it is really hard to see. It is a long ass tunnel people.

Posted by gwendolyn on May 16, 2002 at 04:25 PM