Sunday, December 21, 2008

Looking forward-becoming debt-free in 2009

In August, my goal was to pay off my credit card debt by May 1 of 2009. With the expenses of buying a house and moving, I'm a little behind where I wanted to be at the end of 2008. I currently owe $5700. That means I would have to pay $1400/month in order to make my goal of May 1st--not possible.
I must revise my pay off goal, but the end is definitely in sight. I really think I can be debt-free in 6 months! Wow! I'm looking forward to Baby Step 3--saving a fully funded 3 month emergency fund
I still have to make a budget for January and the New Year. I'm not sure how the utilities will run for the new house, so I'll have to estimate the gas, electric and water bills for 2009. I'm looking forward to crunching the numbers.

8 comments:

cgouzd1 said...

Debt-free! Another reason to look forward to 2009!

jpkittie said...

good for you! i am excited for you!

just know that we will all be here cheering for you!!!

RTC said...

Thanks, guys. I couldn't do it without you!

Budget Mama said...

Wow that is fantastic RTC. I wish you the best of luck and look forward to reading that post in 2009. Take Care

JW said...

I'll be following you for the inspiration and encouragement to become debt-free in 2009 also. Good Luck!

RTC said...

Thanks, JW and Budget Mama. We'll do this one day at a time, right? Have a Merry Christmas!

Laura @ no more spending said...

Debt free in 2009, yay!

Happy Christmas rtc :)

Laura @ no more spending said...

Debt free in 2009, yay!

Happy Christmas rtc :)