Starling and I have have $24,682.51 credit card and student loan debt. I also have a personal loan used for my previous divorce, at zero interest until 2025, and will begin to tackle that (with the okay of the lender) after the interest bearing debt is repaid.
Our Goal:
Goals are most attainable if they're SMART -
Starling and I are working together to repay at least half our debt - $12,341.26 - by December 31, 2018.
At a little over $1,000 a month, this is a challenging but achievable goal, and one that we can manage by staying on a strict budget and adding extra income whenever possible.
Our Budget
We have a zero based budget, every expected dollar accounted for and planned. Any extra money that comes into our life, from overtime, tips, selling things, extra jobs, etc., will go straight to debt repayment.
Our budget is tight, as we live in a high cost of living region on a lower than average income, but we are going by the adage of Use it Up, Wear it Out, Make Do, and Do Without and working together, we can stick to it.
Goals are most attainable if they're SMART -
- Specific - what do we want to achieve? Answer the 5 W's - who, what, why, where, which (resources needed)?
- Measurable - how do we know when we've achieved it?
- Attainable - can it be done in the allotted time frame?
- Realistic - is the timeframe realistic t meet the goal?
- Time-Based - the deadline!
Starling and I are working together to repay at least half our debt - $12,341.26 - by December 31, 2018.
At a little over $1,000 a month, this is a challenging but achievable goal, and one that we can manage by staying on a strict budget and adding extra income whenever possible.
Our Budget
We have a zero based budget, every expected dollar accounted for and planned. Any extra money that comes into our life, from overtime, tips, selling things, extra jobs, etc., will go straight to debt repayment.
Our budget is tight, as we live in a high cost of living region on a lower than average income, but we are going by the adage of Use it Up, Wear it Out, Make Do, and Do Without and working together, we can stick to it.
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