debt debs

Personal Debt Wrangler – Had my money head in the sand – but no more!


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Debtity-do-da! – Debt Repayment Plans

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We’re #1!!

Our debt repayment is now listed in Money Smart Guides Debt Payoff All Stars and we show as in #2 position, but I will advise Jon Dulin after this post to move us into #1 spot, baby!  Yep, we’ve paid $160K in 2.5 years!! :-D  Go check out his list and if you’re on a debt repayment journey you may want to add your numbers to the list.  Nothing like misery loves company, I always say!

So let’s take a look at the numbers since I’m actually on time with my update to our Debt Repayment Plans.

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click to enlarge

I’m very happy with the consistent progress.  $48.6K paid so far this year – on track to pay my target of $60K and there’s a good chance we will exceed this.  Whether we meet the stretch target of $65K is looking like a possibility, but I don’t want to count my chickens as there’s a few unknowns which I’ll get to in a bit.

Debt Repayment Plans ~ Progress by Type of Debtdebt-repayment-plan

  • Timewise we are 41.3% through our debt repayment journey targeted to end May 18, 2018.  Our debt is 40.7% paid.  So technically we are 0.6% behind but so close!
  • This means our debt remaining is 59.3%, so we are below 60% remaining of our original total debt at 2.5 years into our debt repayment plan.
  • At right is the % paid to date by type of debt.

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Our Trusted e-fund

Steady eddy is fine by me, especially with how the year started out. This brings me to our forecast for September. Not sure if it’s because of back-to-school or what, but The Irishman’s income for October will be below our minimum goal of $2,400 / month.  He’s only made $2,200 in September to be paid in October.  He’s been quite busy the last few days so hoping it’s just a temporary blip. Of course, this is why I’m building up my emergency cash fund again.

Plan is to get it to $15,000, because technically it’s not only our emergency fund but also our property taxes fund which are approximately $5,800 and have to be paid in two installments in March and June.

Anyways, I increased it by $2K in September, on top of paying off $5.6K of debt above, so ya, hash-tag winning!!

Plan is to do the same in October but that’s not looking so promising.  We have $1,200 bill for The Irishman’s professional fees and with only minimum income, it’s going to be difficult.  Meh, I’m not going to get worked up about it.  It could be worse.

debs-devotions - MediumDebs’ Devotions #3

Thanks so much to the following blogs for linking my recent posts:  Dan @ Our Big Fat Wallet and Travis @ Enemy of Debt featured my post Credit or Cash?  Pick Your Poison in their weekly round-ups.  Travis is a big fan of cash, as are many of my blogger friends.  However, I also have many blogger friends that endorse credit, like me, mainly for the rewards points but also for easier expense tracking.

In retrospect, I wish I had conducted a poll on that post, but better late than never, I have one for you here folks.  Just for your info, I did a quick tally based on the comments left on that post.  If anyone mentioned that they use cash or debit, even partially (except for really small amounts of cash) I put them on the CASH side, and all others who use Credit and were big on paying of monthly (a must!) and getting rewards I put on the CREDIT side.  Totals came to 20 for CREDIT and 22 for CASH.  So that’s a 48% / 52% split.  Let’s see how the poll comes out.  Even if you already commented last time, please vote in the poll again.  Merci.

Last time I did a poll, I didn’t get a lot of responses, but that was in my early blogging days.  I kind of like polls, to be perfectly honest, so hopefully I can do more on here as inspiration strikes me.

Some favourite posts that resonated with me or were helpful to me:

Stop Dehumanizing The Poor, Homeless from Sam @ Frugaling.  I get overwhelmed when I think about the suffering in the world.  But then I think, I’m no good to anyone, if I let this feeling overtake my emotions.  I do what I can, and I pray.  Please take a look at Sam’s insightful post.

10 Bare Necessity Blogging Tips from Steve @ Kapitalust.  Still learning myself and I like to help others, so I want to share this with fellow blogger readers.  Go check out Steve’s Fluff Piece also for some fantastic photos he took.  So beautiful!

You Don’t Know Jack (and Neither do I) from Laurie @ The Frugal Farmer.  Full of inspiration, Laurie tells us like it is. Incidentally, Laurie was the winner of the Plutus Award at FINCON for Best Green/Sustainability PF blog , worthy of mentioning, just sayin’.

Can I Retire Today? Yes, but I Won’t from Jean @ Nearly Retired.  Jean is finding her way to retirement, like me, so I find lots to think about in her posts and including her FREE Retirement Readiness Assessment which was very helpful.

Scheduling a Side Hustle from B @ Banishing Loans.  She works and full-time job, a part-time job and runs a blog.  Seriously, that is a lot of work and I’m always looking for tips on how to up my game so I can achieve this.  Not only that, but B has opened a second blog Miss on the Money.  Go check out her first official post there.

Society Makes It OK To Te Broke from Kim @ Eyes on the Dollar.  Kim has a perfect everyday example of how some people live, but maybe don’t need to.  Not saying all financial hardship is easy to solve, but with some effort, I would think that situations like this could be turned around.

BATB TV: Tips to Save Money from Tonya @ Budget and the Beach.  Oh how I laughed and laughed.  Seriously, who needs Cable TV when you’ve got great content right here on your lap!

Filed Under Life as We Know It

Monkey-Butt-DepartsOK, that’s a wrap.  I’m doing Brian’s 31 days of Writing this month and I’m not gonna lie, it ain’t easy.  I was doing okay until last night and fell asleep on my daughters couch as she was putting Monkey Butt to bed.  He’s gone for ten days so I’ll just have to come and stare at this picture taken last night just before supper.

Tweedledum-TweedledeeThis means we’ve got our two grand-dogs for the next 10 days or what I’ve dubbed “10 Days of Misery”.  LOL  We love dogs but these two are seriously high maintenance.  The wiener (let’s call her Tweedledee) has a back problem and has to be carried up and down stairs and has been diagnosed with renal (kidney) issues after a recent sickness.  The black rescue (Tweedledum) cannot be trusted with free reign of the house as he marks his territory.  One whines for food (and she’s off most stuff except special kidney food and green peppers) and the other whines for us to throw his toy.   They are pretty cute so all errant behaviours are quickly forgiven. Nama thinks they may have a bath and hair clipping in their near future if she get’s around to it.    October is our dog sitting month.  Next week we have the neighbour’s dog for a few days and we have another neighbour’s dog for 2+ weeks after the grand-dogs go home!  Go big or go home, so they say!

Would you consider joining the Debt All Stars List?  Did you vote in the Cash versus Credit poll?  Have you ever dog-sit before? 

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Friday Jet Fuel #14