Sunday, March 8, 2009

Paying Off My Debt!

I just went and took a peek at my car loan statement. It will be completely paid off May 26th. YES!!!!!!!

That is just 3, count them 1, 2, 3 payments. Ha! I feel almost giddy. However, I think one of the first things I am going to do is bring it in for a little mechanical love. I have been getting oil changes and all that, but I skipped my 30,000 mile check up. That's when they go through and look at your brakes and lines and all that. It was a bit steep for me at the time, but since I am now a tad over 40,000 miles, I need to get it done. I will probably use what would have been the June car payment to cover the cost. I plan on driving my car for a long, long time, so I do need to look after it.

While I was at it, I went and took a gander at my other debt, my credit card...

That is looking swell as well. By my calculations, I have 3.95 payments to go. (Three full and one slightly smaller one.) That means by June it will be done, done, done. I swear to you right now that I will never, ever have unmanageable credit card debt again.

So what will this mean? It puts a huge dent in the $900 goal, of course, and yet I still don't have all my goals met. For example, I need to get my big mammoth house painted. That's going to cost me somewhere in the neighborhood of $7,000 to $5,500. I would like to do that without accumulating too much debt if possible. For the first time, I think it might just be possible, but I don't know yet. I need to sit down soon and crunch some numbers. I also need to get a few quotes so I know exactly what I am dealing with.

I've been able to manage so far, if I could just go a little further, be willing to work at it a little bit longer, I think I could put myself in a much happier place. It would be completely worth it, and isn't financial happiness what we are all after?


Photo by: Unreliable Narrator

5 comments:

Miss M said...

Yay, the finish is in sight. Do you have to paint this year or can you hold off for one more? Then you could save up most of the cost. My paint is peeling around the window frames but the rest of the house looks OK. It's not as crucial here to have good paint, the elements are rather kind. Definitely don't skip the car service, I did that and it ended up costing more since a part wore out and damaged some other parts...

Did it MY way said...

Being debt free is second only to good health. Keep up the good work.

Dawn said...

Miss M - no, absolutely have to get it painted this year. Already I am seeing wood rot. I'm not fortunately like you - I have so much peeling paint that every time the wind blows, I have light blue snow all over. Its like the car service thing - the longer I wait, the more it will cost me.

Did it My Way - Thank you very much!

Fit Wallet said...

That's wonderful! It will feel great to OWN that car :)

Dawn said...

Fit Wallet - I can't wait!!