Wednesday, July 27, 2011

Day Dreaming About the Future While Paying Off Debt

I went total lack of self control crazy today and spent $23.35. I'm now $4.48 over the $12 a day budget. I'm not happy about it but considering how awful that last month(s) was I'm really not going to complain.

I updated the debt pay off side bars today. The adsense revenue just posted to my checking account. HOORAY!!! I was starting to get skeptical there. Every penny of it went towards the Citibank card. AGAIN, many MANY many thanks to all who've checked out the "interesting" ads on this blog!!! You're a blessing, each and everyone of you. I've paid off 21% the Citibank card so far.

I've paid off 12% of our total credit card debt so far this year. At this rate it will take me 5 years to pay off all the credit card debt. I truly believe it'll be faster than that because the snowball effect really does work quite well. The more you pay, the less interest you owe and so on. Five years sounds like an incredibly long time but even if it does take me 5 years to pay off those dang cards I should be able to pay off a considerable amount of the equity line and pay off the car during those 5 years. Basically I WILL be debt free (except for our mortgage) before I'm 40.

Right now 40 sounds pretty old but it's technically less than half a lifetime. I want to be out of debt NOW but I really like looking ahead and knowing that when I'm 40 years old I'll be debt free(almost). I could feasibly live more than half of my life without any debt. Oh, the beautiful sound of that sentence. Lovely. When my mom was 40 she had the kind of credit card debt I have now. She was also severely underwater on a house that was falling apart, with insufficient income to even pay the bills and buy food (let alone make home repairs). Debt free by 40 sounds pretty good to me!

Sidenote: I'm going to list each day's lovely at the end of each day's blog from now on. Although they'll still all be listed on my Lovelies page.

7.27.11 Lovely: Listening to the pitter patter of the rain on our metal siding and the thundering rumbles rolling through the house, and noticing the green green fields reveling in the liquid delight that's been falling from the skies all day long.


  1. Most people probably aren't debt free by 40, so that would be a terrific achievement. Every little step you take, is a learning step, bringing you closer to your goal. I hope you are happy with your efforts, each one is fantastic.

  2. I agree, thinking about a debt-free future is so comforting and exciting. And for me too it will be before I'm 40. I'm renting currently but one of my long-term goals is to own a house (by the time I'm 40 actually). Keep it up, you have a fantastic attitude.

  3. You can do it! Debt free by 40 is great :) I also like your lovely idea. That's wonderful.

  4. Sorry to do it this way Rivulet, I didn't have your email address.

    If you would like to be part of my interviews, here are a few questions to guide your thinking. You can either stick to them or go your own way.

    I am basically trying to find out people's take on buying and keeping possessions in their life. If you would like to send me a picture ( of yourself or something that means something to you ) that would be fine, if not, then I will choose a nice tasteful one to accompany your words.

    You can say as little or as much as you like.

    Questions below...oh and if you have any extra thing to add, please go ahead and also include your blog address too if you have one.

    Many, many thanks

    Describe your possession and buying philosophy

    Tell me about your home, how would you describe it to the readers?

    What are your tips for keeping your home clutter-free ?

    What drives you nuts about " stuff " ?

    Tell me about your radical " getting rid of the junk drawer activity "

    So tell me, where do you spend your money ?

    What are your plans for the future ?