This year, my goal is to pay off my home equity line of credit once and for all!
This month, we continued to make a nice large payment toward the debt. More than in April, not as much as in March, and a lot more than in January and February.
So we have now paid off 23% of the amount we owed on December 31, 2011, and 73% of the total debt that we had incurred on our home equity line of credit in the years that we used it. We haven't used it in several years, and though I won't close the account once it's paid off, I hope to never need to use it again.
Next month I'm hoping for another big payment - my husband is paid every other week, so twice a year he gets three paychecks in one month. June has three paychecks, so I'm hoping to devote one full check to debt reduction, plus a portion of the other two as well.
How are you doing on your 2012 financial goals? Leave a comment below!
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