The only way to manage to get these things done, is to watch my finances very carefully. My husband does not work and has limited income (he sells things), and I can't count on any of that income to be steady. So, the best thing I can do is watch all income that comes into the house (mine is steady), and keep our expenses as low as possible.
I am going to list my debt, and my plans to get rid of this:
KIA paid off in full as of Feb 2013.
JCPenny paid off in full as of April 2013
Target paid off as of July 2013.
Wells Fargo (A) 25,000 YIKES!!!!!! 90 a month at the moment
I have started sending them 300 a month (as of September 15th) including their original minimum amount.
I would like to send the 572.11 as a snowball amount, but we've run into a lot of vet bills, and such.
Student Loan 15,000 total another yikes!!!! 167 a month...will keep this amount until Wells Fargo A is paid off. (when the above is paid off, then I will put 572.11 a month and the normal 167 towards this loan).
Mortgage 72,000 (was 90,000) total....633.21 a month.
Emergency Fund: 1,000.00
3-6 Month Living Expenses 1,215.00 (Goal 5,000)
Essentially, I could have my bills paid, and mortgage free come 2023....is this a reasonable plan??? Yes, provided I can stick to it. I do continue to have my regular monthly bills, such as cable, phones, electric, internet, car insurance, gas, etc etc etc.
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