This year, my goal is to pay off my home equity line of credit once and for all! I've had money loaned from our home equity for many years now. (I guess, with the way the housing market is, we're lucky to have home equity at all!) It's been hanging around like a pet, so this is the year to get rid of it!
In January, unfortunately, I paid off only a small portion of the debt - about 1%. Large car repair and car insurance bills kept us from putting more money toward this goal.
However, I've started some projects which will be creating more income in February, so I'll be able to put quite a bit of that money toward our goal, as well as saving more money from our regular income. Can't wait to pay off a huge chunk of this debt!
How are you doing on your 2012 financial goals? Leave a comment below!
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