Look over to the left on my sidebar. What do you see? Well, you don't see any credit card debt, because I logged on to bill pay and sent Citi MC $1,400.00.
It's been about 2.5 years I think, but I am consumer debt free once again! No credit card debt, no car loans, no student loans, NADA. Yay!!
Now the hard part: staying that way.
Next I need to rebuild my cash savings. This will be my focus as we move into the new year.
Last night when I saw my mom, she gave me a check for $72. This pays for her cell bill for 1 year. I would pay for her cell anyway, but I appreciate the money. I tucked it into E Fund.
We had a nice dinner.
Consumer Debt Free
December 11th, 2012 at 11:42 pm
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Do you fund your various savings with specific amounts from each pay or sweep unspent sums at the end of each month or fund with Snowflakes? It takes a leap of faith but one effective way to build savings is to create a designated, low MER Dividend Mutual Fund or Index fund via automatic monthly contributions for a specific period like a year, reinvesting the dividends. After 12 months reassess whether you wish to continue the plan. I liken it to paying myself.
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I'm not doing taxable investing because I still have room in my tax-advantaged accounts. Increasing those amounts are on the horizon, but I need more cash savings first.
Thank you all for the well wishes!
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