My debt reduction plan is based on Dave Ramsey’s teachings. There are some changes to it because in my situation, some accounts are beyond the ability to accept monthly payments (although I’m still working on it).
1. Build Emergency Fund – $1000 DONE! Back to building it again! Currently at $250.00 Fully Funded Once again!
2. Pay off City Taxes – $60 DONE!
3. Pay off Chiropractor Bill – $180 DONE!
4. Pay off 5/3 Mastercard – $500 $300 $275
5. Pay off Dell – $700 $550 $375 $250 PAID in FULL!!
6. Pay off Paypal Mastercard – $1500
7. Pay off Capital One – $2000
8. Pay off Chase 1 – $2200
9. Pay off Chase 2 – $5000
10. Pay off Discover – $6000
11. Be free of credit card debt!!
12. Start paying myself first – 10% of income. In Progress!
13. Begin Roth IRA account.
14. Pay off Student Loans
15. Become DEBT FREE!!
16. Build a savings account equivalent to 6 months expenses.
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Laurel(Quote)
I love your list of goals. Best of luck knocking them out!
lora kathleen(Quote)
great list.i still struggle with seeing goals accomplished
kate recently posted..save money on electricity
kate(Quote)
I found you via Kacie at “Sense to Save”–you are very inspiring. I’m 50 and just getting this all together. Keep at it!
Lisa(Quote)