Monday, 23 November 2015

DING DONG THE DEBT IS DEAD!

Which Debt?
The wicked Debt?
The wicked Debt is dead!!!!

It happened, yesterday I paid off the last of my credit card debt and yes, furthermore burned the dreaded and dastardly Card #3 . . . Card #3 is no more!

I remember staring my budgeting spreadsheet in confusion. I put my budget together for this paycheque, as I always do, before I deposit my paycheque, so I know exactly what is going to happen to it. 

The trouble is that something happened that hasn’t happened in years, (I am pretty sure this dates back to at least George W Bush days). It was quite an unsettling experience . . . I had money left over after my bills were paid. I double checked my budget then checked it again. I actually looked for more bills to pay, something that I must have forgotten about. 

Then it hit me, this was what I had been working towards, this is why I had frozen my butt off last winter and downgraded my lifestyle, all for this moment, all so I could finally start to pay my one last bill . . . the one to myself.

Sure I have my truck loan and my trailer loan, but they have a fixed end date and do not keep on taking indefinitely. Those will need to be dealt with and preferably consolidated. For now though, I will pause and celebrate the fact that I have indeed done what I set out to do, take back control of my finances. My paycheque is mine once more.

I estimate that by the next paycheque, I will have achieved my next goal of keeping $1000.00 in my main account at all times. Then with the paycheque after that, I will pay for my trip down to the coast to see family for Christmas. 

In January I will refinance my loans and upgrade my main credit card to one with a low rate and one that I can actually use if I want/need to carry a balance.  Yes, I will start my savings phase, saving for me, actually build up first my contingency fund and then work on my long term savings.

As I mentioned before, I did burn Card #3, and I did take a video of it. Well, it didn’t go so well, but I did get it done. Here is a shot of Card #3 all set and ready to burn. 
  

The trouble was that this contraption just wouldn’t burn easily. So as I sat there and talked as I lit and waited for it to burn, it just wasn’t working. I then turned the video off and finally got it going . . . then I realized that I wasn’t recording this, so I grabbed my iPad and started recording. 

I will upload the video as soon as I can, but as it stands there are some problems getting it off of my iPad. Ah well, such is life. 

For me though, this starts a phase in my life which is all about saving money for me and setting myself up to pay the last of my debts off in 2 – 3 years. Yet, as I am doing that I will be socking money away for me, things are looking up, in fact . . . the future’s so bright, I gotta wear shades!

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