So Discover is all done. Yay!
The final payment cleared and we cancelled my account. They asked if they could make me any special offers to keep me as a customer. I thanked them for the offer but said no thank you, please close my account effective immediately.
The debt snowball is taking money you were paying on a prior debt which you paid off and moving that payment amount to the next debt in line to be paid off.
I put the citi payment snowball in the left side bar (view desk top version not the mobile version to see it). We are able to move the amount we had used to pay off Discover which was $1052 per month. To that, we are also able to add in 49.08 per month we freed up from replacing life insurance which was a whole life policy that had a term rider attached to it. We replaced this with a 30 year term policy that includes living benefits. And we also are adding in an extra $40 per pay period (taking $20 from the grocery budget and $20 from the family spending money) .
I may be working extra in July for a couple days and if I do that we will speed this up faster. Here's hoping!
God willing we will knock this one out fast and keep the momentum going strong!
I was listening to Dave Ramsey the other day (I listen to his podcast daily as well as Chris Brown and soon Chris Hogan), to keep me motivated to get this debt out of here. He asks people that are doing their debt free scream what changed for them to make them want to do this.... I was thinking about it.... why do I want to do this? I think it's for a few reasons.... I'm sick and tired of sending out so much of Bry's hard earned money to pay credit card bills and I'm mad about it mad that we spent foolishly in the past.... and I want Bry to be able to rest easy and know that I totally changed the way I spend and view money...... and I want to change our family tree so our kids will not live in debt like we have and so they will be so money smart that it will just be amazing! And I want to give give give and be able to do that knowing that it's not taking money from our food money to be able to help others. That will be amazing!
~Have a blessed day~
