This year, my goal is to pay off my home equity line of credit once and for all!
This month, here's how we did:
Yet another month with unexpected expenses... well, okay, I should have expected that I would need to have the trees trimmed prior to hurricane season. And I should have expected some large car repair bills, what with having two cars that are 9 and 11 years old. And I certainly knew about my daughters' activities.
Basically, we need to do a better job of budgeting.
We did pay off 1.5% of the debt total in August. (Here's how we did in July, June, May, April, March, February, and January.)
So we have now paid off 40% of the amount we owed on December 31, 2011, and 79% 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 again hope to make a bigger dent in the remaining amount!
How are you doing on your 2012 financial goals? Leave a comment below!
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