This year, my goal is to pay off my home equity line of credit once and for all!
This month, we were able to put a medium-sized amount toward our debt. Not as much as last month, when my husband got a bonus at work, but not as small an amount we were able to devote to debt reduction in January and February.
So we have now paid off 18% of the amount we owed on December 31, 2011. That doesn't seem like a lot. But we have been paying off this debt for a while, and yesterday I found the records of all the debt repayment we've done for the last few years. I discovered that we've paid off 71% of the total debt that we had incurred on our home equity line of credit. Now that sounds like we've made progress!
How are you doing on your 2012 financial goals? Leave a comment below!
(This post may contain affiliate links. Please see my disclosure policy for more information.)