Friday, July 2, 2010

Day 27- The Money Plan

When Eric and I got married a mere 4 weeks ago I knew that he had a few credit cards that had pretty significant balances due to the start of his business last year, and simply because Eric can be a compulsive shopper at times....but when he buys compulsively its easily over 500. So needless to say he had some debt that kinda worried me because within the year we have to start paying on student loans. Money scares me anyway. I am always afraid we wont have enough. I cam from a home where money crunching was an everyday thing and it has made me really consious of how much money is in the bank, and how much i spend, which can be a good thing, but for me its almost an obsession. Not only do i keep up with it online I balance the checkbook almost on a weekly basis....i know...who looks at the checkbook now a days. I do!! For my own personal sanity i have to. So here is the plan-
  • pay off Eric's 2-3 credit cards
  • pay off the 3,600 left on my car
  • save 10,000 for down payment on a house
We wan to get the car and the credit cards paid off before the end of the year and the savings for the house with in the year. We are confident we can accomplish this. I will keep you posted on our progress!!