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I'm setting a goal!

July 21st, 2008 at 04:50 pm

So, a goal has been in the works for me for a while now and I finally just sat down and worked out the details. Far from finalized, but I have a basic plan - subject to change of course. Smile

A few weeks ago, I took some money from savings and paid off my 401k loan. This gave me an $18.31 per week "raise". Next up: DH's car!! Payoff as of 07/13/08 is $3905.37 YUCK! Payments are $283.56 per month with an expected payoff date of 10/30/2009. I plan on moving payments up when I have the money to pay them, rather than when they are due. As of right now, I think I can get the car paid off mid-April 2009 - 6 months early! If DH works some overtime between now and then (quite likely), I could knock another month or two off my estimate. I would like it paid off sooner than later, but I think I can live with this plan and it feels good to have a plan! Smile

I have the plan details in my sidebar.

SHHHH!!! Don't tell DH!!!! The less he knows of my plan, the better. Wink

6 Responses to “I'm setting a goal!”

  1. SicilyYoder Says:

    My bestfriend just paid her car off- her student loan is paid off too.

  2. dmontngrey Says:

    That must feel great! I'd love to have MY car paid off and that's next on the list. I've only made one payment on it so far, so it'll be a while. I also have around $30k in student loans to pay off. DH's car is just a start and this will be a long process for me. Frown

  3. creditcardfree Says:

    Great plan! Just think how much you'll have to put towards the next debt after this one is out of the way...Smile

  4. momcents Says:


    I really like how you're concentrating on tackling one huge thing like paying off the car. Good luck keeping up with your plan!

  5. merch Says:

    I paid off one car completely in April and I'll have the second one paid of in August. Paying off the first on felt great.

    Just think of what you could do with an extra $283.56 a month? That's 3400 a year.

    And it looks like you are trying to do about 2 payments a month. That's 6800 a year.

    Plan the work and work the plan. Good luck!!

  6. fruitbowlk Says:

    I paid my car off early two years ago it's a great feeling.

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