Wednesday, October 14, 2009

Should be credit card debt free by Thanksgiving

We owe 1300 more on our last credit card. At our current rate of pay it should be paid off by late November at the latest.

Then after that I am not sure whether to tackle our car loan or a smaller home improvement loan we took out to put in energy efficient windows a couple of years ago.

I am really leaning towards the car loan it is a bigger monthly payment and it would be nice to have a 2008 car paid off in the summer of 2010.

Our goal is to live off my income and use my wife's income which is around 1000 dollars a month after taxes and insurance to pay off bills.

It is a little stressful because it can tight between my paychecks because we are not even putting her money in the checking account it goes straight into a savings account.

But 1000 dollars a month to pay on debt is sure going to help get out of it that much quicker.

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