Tuesday, October 06, 2015

When Baby Steps begin to Amass Change

It is October 2015 already!  In this month, I'll be receiving 3 paychecks.  In this month, I'll be putting twice the usual amount on my credit debt.

I've updated my trackers, and am so so pleased to see that I am closing in on 40% pay-back of my debt!  I've already crossed the 1/3 threshold. 

This is really happening.  In the next update, I'll be moving the percentage to 41.80%, thanks to the fact that there is that third paycheck in this month.

Sure it's before Christmas, and sometimes it's nice to put a little bit into the savings for that event.  For me, it's gotta go on debt because I want to hit the 50% mark in 2015.  Yep, that's right.  50% of my debt will be *poof* GONE before the end of 2015.  I am excited!

After that, it's a bit like having pushed a snowball down a mountain with the plan I've got...as it keeps rolling, and growing bigger, it becomes one of those things that only a brick wall could stop.  And when it hits that brick wall it smashes into a million pieces and everyone laughs and laughs.  That's the part I'm waiting for.  The smashing and laughing!

Because seriously, it's been way to long for me to obtain this goal.  It's been a thorn for far too long.  It has held me back. 

I'm not bitter at myself anymore.  I'm not angry over my own misgivings and the plethora of reasons I haven't smashed this goal to bits just yet.  Lessons take time to get right.  The fact is that I'm doing this.  I'm really, truly, 100% all-in doing this.  And it's going swimmingly!!

The first day I'll be truly celebrating will be sometime in the week between Christmas and New Year's Day, when I call this CC company and tell them to chop my balance down to a much more manageable size.  This single phone call will help me solidify my ability to complete my goal, because I'll be effectively tightening the belt of my credit history.  It won't be affecting me as badly as it is now because I'll have done the work to handle the numbers.  And, it will be a personal triumphant act that will show myself that I've got this thing handled now!

Because seriously, why would any credit card company allow a balance as large as mine on the salary I have?!  Hello!  You want to know why we have more credit card debt now than ever before?  it's because somewhere, when you make regular payments on your card they decide you are a good risk, and continue to let the balance grow.  Back when I was uneducated about such matters, I thought it was a mark of adult-hood to keep getting the letters saying "Hey, you are doing GREAT! and as a reward we will UP your credit card balance!".  I've learned that this is simply a way for the credit card company to help you wreck yourself.

Sure, there are people who can handle it.  Sure, there are people who use credit wisely.  Sure, there are businesses that require this type of balance ceiling to help run the business.  I am NOT one of these people.  And, after searching the soul, I never have been, and never will be again!  At least not on a personal credit card. 

And so, I am proud to look at my bar and see that I'm about to reach the 40% milestone.  Oh Lord does that feel GREAT!!! 

Monday, September 21, 2015

Well that went fast!

I blinked and we are nearly done with September!!

Have a pile of things on the go and in the fire right now.  Nothing I can say just yet, but we are getting closer.

Other than that, life is crazy busy right now and I have a pile of items wrapping up this week.  I'm still tracking well for the debt-free date I have set and am enjoying the automation of payments I have scheduled in the next couple of months.  It is so freeing to just set it and forget it, as they say.

What does that mean for me?  I have preset the payments I will be making onto my CC debt.  

"But how can I do that when I don't know what the bill will be at the end of the month???"

The answer, for me, is "it doesn't matter!".  I know what my payment plan looks like.  I know what I need to do to get there.  And since I can't use the CC card I'm paying down right now, there isn't anything going onto the card for me to worry about.  You can't get out of Credit Card debt when you use the credit card!  Yep....took a long time to really "get" that message. 

So, if you haven't resolved to live within your means and get it paid off, all you will do is spin your wheels, like I have for the last 6 years. 

And so, I'm walking purposefully toward credit card liberation and am enjoying it as I go.  Please note, I dropped the bottom out of the available credit on my other two cards and locked them right away.  The balances are now in a place where, if absolutely needed, while I build up my emergency fund, I can pay off the entire balance at the end of the month I'm spending in.  Never before have I done this.  It forces me to live within my means.  A single paycheck can now clear two cards, plus handle my savings goals, and my expenses.  How do you like them apples?!?!

And away we go...back to the hectic life I have right now.  I'm still not able to say anything, as details keep getting finalized each day.  As soon as I'm ready to make the announcement, and I have my t's and i's properly set up, I'll let you all in on the secret I've been working on for just about a month now.