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End of March and beginning CC payoff

March 27th, 2013 at 06:57 am

We have increased our networth YTD by 31.6% which means we just beat 2011's entire networth increase.

Assets Debts
Checking 3097 Mortgage 113362
Taxable 0 Student Loan 7189
Savings 300 Credit Cards 11279
Retirement 59470 Car Loan 10013
Home 200000
Car 11000
HSA 2786

(Ain't that savings amount the most pitiful amount you have ever seen? Mind you the checking holds a part of savings as a cashflow cushion but still...)

The next 3 months will be all about the credit card payoffs. I just scheduled the first payment for April 22 for $2100. May will see the payoff of the 1st card and probably a payment to the second card and June will finish the second and final card payoff. July we will allow the coffers to refill and then August and September will finish the student loan.

That just leaves October through December to stash money in our Roths which is doable. Any excess cash will go into our EF which needs to eventually get to 24k.

For the curious, even during the payoffs, we are keeping about a 2k "cushion" so our EF is technically larger than my savings but its definitely not large.

1 Responses to “End of March and beginning CC payoff”

  1. creditcardfree Says:

    A good plan!

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