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Finally some progress

October 13th, 2009 at 02:20 pm

Received the first settlement offer which was twice what I was thinking it would be (my insurance had been kind on the depreciation). As a result, I do have a base number for the month of October now. It will probably be a couple of months before the final tally is in but I am okay with base numbers and guesstimating the rest.

Since I have been bargain shopping for the replacements, I am going to have some money left over (couldn't replace everything even if I wanted to so no, I am not really coming out ahead but I am trying to look on the bright side). As a result I will be able to speed up my debt repayment and keep a higher than expected cushion. June will definitely be the last month for debt (assuming continual employment of course).

I was tempted to put some of the money into an IRA for hubby but we are just so ready for the credit card to be gone that I think we need to just put it on the debt and accept that I won't be maxing his out until next year. I am just so looking forward to that money going into short term and long term savings instead of into credit card payments.

3 Responses to “Finally some progress”

  1. creditcardfree Says:
    1255443881

    Better than expected is always nice!

  2. Caoineag Says:
    1255526812

    High interest? Its at an average of 1%. I have never paid higher than 7% interest in my entire life. Which explains why I have always been willing to run the credit cards up, it was cheap. But I agree that paying it off is the better choice. Once its gone, my cashflow for short and long term savings goes up tremendously.

  3. LuxLiving Says:
    1256090241

    Good thinking.

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