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Looking Forward to February

September 20th, 2009 at 09:06 am

Oh my! I have been doing many nerdy calculations regarding our debt. I'm obsessed with getting it paid off! But, I must admit that I'm getting tired of watching every penny. It's draining. It makes me feel poor, when we really are not.

My nerdy calculations show that the money for the braces will be paid back by mid October of this year!! Only one more month to go.

The calculations also show that we can have the home equity loan paid off by the end of February 2010! That's only 5 1/2 months away.

While paying the home equity loan, I decided it is important to save some cash along the way. I'm not going to send every penny into the loan, like I normally tend to do. That technique works, but it is stressful. For me. For my family. We leave ourselves without any wiggle room in the budget. I don't like saying, "Can we wait until next week to buy that?"

While we pay down the HEL, we will pad the extra checking account with savings for when life happens. We have our emergency fund, of course. This extra pad will just be available for when things come up that aren't emergencies. I guess its a way of planning for things that aren't always in the plan.

Honestly, we have had an extra pad in the checking account before. Turns out we don't have it any more. I guess what I'm really doing is setting it up again!

At any rate, I'm looking forward to February. I like that I've set up the journey there to be less stressful.

1 Responses to “Looking Forward to February”

  1. ceejay74 Says:

    Sounds like a great plan! What with holidays in October, November, December, January and February to have fun with, end of Feb. will be here before you know it!

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