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End of Month Slow Down

June 24th, 2013 at 06:18 pm

The end of this month has been a bit of a let down in terms of the last leg of our debt payoff plan. We did make a $592 payment at the beginning of the month towards our last old credit card. But between the plumbing issues and car issues we had mid-month, there isn't anything left to do more. We just barely succeeded in not having to tap the emergency fund for the repairs, and now we're wiped. But even that is a success compared to our old way of life.

Still though, I think we will be able to send in another big chunk towards the fridge on the 5th of July. And our new estimated final payoff day is Aug 2. And then hubby can finally get that laptop he's been pining over for so long. Wink

Another bit of good news; we canceled 3 old credit cards this month and are about to close another as well. We applied for one new one with our warehouse discount store so that we can get the cash back on our purchases there. And we are keeping one other one to make sure we have enough available credit to keep our credit score rating up should something befall us before our souped up emergency fund is fully formed. But the plan from this point out is to pay them off at the end of each billing cycle and never carry a balance.

Now to just keep on trucking...

1 Responses to “End of Month Slow Down”

  1. snafu Says:
    1372100828

    Good on you coping with things that go wrong without jumping up balances on CCs. Won't closings another CC negatively affect your credit rating since it drops cumulative credit dollar ratios? Just lock it safely away, no need to use it! Besides DH's new computer...what are the next three items to be funded? I ask because some items are best bought at certain times of the year. For example, computer's are discounted somewhat like cars, when the new model comes out. Furniture is often best priced in July, office supplies in August back-to-school sales.

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