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Just $97.36 to Go

December 7th, 2014 at 07:29 am

We are getting so close to meeting the goal of getting our mortgage paid down to $X15,000. I just made a principal payment of $53.88, which was from one eBay sale and $25 worth of Target gift earned and used for groceries.

We now only have $97.36 to go meet the goal. I know it will happen. There are lots of sources that will come to fruition before the end of the year that will be applied to the goal.

As you go to make your goals for next year, think big! Stretch your goals and then make a plan to make them happen. The journey this year to accumulate found money/snowflakes is just proof you can find money in all sorts of places to help you meet your goals.

When I was making the goal for 2014, I knew some debt would be eliminated just by making our regular payment. I figured out where that would put us without any extra cash. I then subtracted my $4K snowflake goal. After that I looked at what extra income I could apply. I know some of it was from my husband's raise last year. Based on all of that information, I was able to come up with end goal of where I wanted our mortgage balance to be at year end.

Tracking and reporting where we were on the goal each month was helpful to know that we were on track or if we were behind. If we were behind, it often motivated me to look for more cash offers, list something on eBay, or work a little harder to earn some gift cards with Bing and Swagbucks. Everything little thing added up to get us to the goal.

So, again make your goal BIG. Stretch yourself to make it happen. I will say one goal is usually easier to work on than multiple goals. So if you don't have an emergency fund established that might be the perfect place to start. If there is that one credit card or loan hanging over your shoulder, then make a plan to pay it off or way way down. You won't regret it! And as always, I will cheer you on!

Do you have a big goal you accomplished this year? Do you have a big goal for next year?

10 Responses to “Just $97.36 to Go”

  1. MonkeyMama Says:

    That is awesome!!

  2. ThriftoRama Says:

    You can totally do it. We also have huge mortgage payoff goals. I always set the year's pay-off goal at a little more than we could do comfortably, to force us to stretch. The result is we've paid more than $40,000 on the mortgage balance in the past three years, and we are on track to have the house paid off sometime in 2017. The more we hustle, the earlier in 2017 it will be. We're ALMOST home (payment) free. It feels good!

  3. FrugalTexan75 Says:

    You are so close! I would not be surprised at all if you not only meet it, but beat it!

    The goals I've set for myself are definitely stretches (financially)

  4. NJDebbie Says:

    Way to go CCfree! I admire your dedication and how you handle your family's finances!

    Our 2015 Financial goal: Pay off our existing mortgage by December 1. All $55K of it. To me, debt is an emergency, it needs immediate attention.

  5. scottish girl Says:

    I need to establish a decent EF but also deal with cc2. I was aiming to get EF to 300 by dec 2015 and attack cc2 too. Unrealistic?

  6. LittleMissSplendid Says:

    $97.36??? You can totally do that! I love the idea of thinking big for 2015 and am trying to push myself to do more.

  7. Ima saver Says:

    Fantastic!

  8. ceejay74 Says:

    Eek! You're so close!!

    My goals went totally out the window and I now have a new set. And some of them have to wait until the uncertainty of the condo is finally settled. But the ones I can work on, I'm working on. I have far less money in play now that my bills are much higher, but I've managed to make some progress.

  9. LuckyRobin Says:

    You will get there.

  10. creditcardfree Says:

    Thanks everyone!

    @scottish girl, I think you should try both of your two goals. Maybe one gets a larger priority than the other (something like a 60/40 split or 70/30). Definitely decide now which one is the bigger priority.

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