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2009 goals revisited...maybe

December 23rd, 2008 at 01:46 am

Ok this will be the last time I blog today. Three times in a day is crazy but I am just really excited about the possible large tax refund! It is so hard to wait. I hate to get excited for it if it isn't true! However, I called up a friendly coworker who does taxes on the side and she told me that yes, I should be getting a refund that large because they taxed DH's bonus so heavily.

yay!

Well, IF this comes to pass (I am cynnical and pessimistic) I have some new goals in mind!

This will pay off all but about 12,000 of credit card debt.

I will put 500 into EF

In March, with my car paid off and braces paid in full we will have an extra 510.00 each month. This means we will be able to apply 1,300 each month to the last two cards!

And, we will have 1,300 left over on top of that so technically we can apply 2,600 to the cards each month! However, I will try to be saving some of that. (IF this actually happens.)

Dare I say that it is possible to be out of credit card debt by this July or August?

Never in a million years would I have thought we could go from having 21k in credit card debt and in 12 months have 0.
BUT, if this tax thing is for real and if our jobs stay intact there should be no reason we can't do this.

That means the next major debt is the 40k home equity loan. Then the 9k student loan and finally the 200k mortgage!

Well, it's a rough plan anyhow.

I baked more homemade bread and cinnamon rolls today. Going to take the cinnamon rolls to work for everybody. They are baking now and smell heavenly! I have got my children spoiled with homemade bread.

I bought almost 1 lb. of Red Star dry active yeast in bulk at an Amish store for 2.20! If any of you out there buy yeast at Walmart or the grocery store you know this is good. The puny little packets cost around 50 cents!

I am going to start shopping more at the bulk store.

DH is designing a kitchen island for us. He found one on ebay for 2500! Way too much. He thinks he can make it for maybe 500? Who knows though...he has never tried out a project like this. We won't do it until this summer...hopefully!

I might contact one of my close Amish friends growing up. He works in a woodshop now making furniture so just maybe he can give us some advice.

I am off to the shower and then to work.

4 Responses to “2009 goals revisited...maybe”

  1. fruitbowlk Says:
    1230000440

    Why not pay off the 9k student loan before the 40k home equity loan?

  2. shiela Says:
    1230001459

    Wow that would be fantastic. Good luck with it all. I'm sure come July there will be no more credit card debt.

  3. Petunia Says:
    1230005636

    Wow, what great news! I'd be excited too!

  4. creditcardfree Says:
    1230044833

    Good plan!! I look forward to reading about each and every payment...really!

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