Friday, April 27, 2012

Delve Into Your Finances in 2012 April update

Welcome To Delve into Your Finances in 2012!

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!

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Anonymous,  April 27, 2012 at 2:03 PM  

We paid off all debt in late 2009 and have (knock on wood) managed to stay out of debt until the end of this month April 2011. We hope to continue the trend but it does seem that it is getting more and more difficult.

I have even made flyers for my community stating I will do any domestic work 3 ours of labor for $10 for anyone who needs some help.
So far I have had a few takers on folks wanting help organizing , downsizing, and cleaning help.

I will help with anything I can.

We hope to remain out of debt and are willing to work as hard as we are able to given our ages we are both in our 60's but in good health.

We had over $24K when we started to pay down our debt and we do not want to go back.

I have made great friends by sharing my skills in this way. Some say I am crazy working for such low amounts however, I say it is what folks can afford right now and besides I am happy to help others.

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