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End of year summary - debt payoff

December 11th, 2012 at 01:20 am

Bahhh! My payment last Friday to my line of credit has not hit the account yet. But I'm going to post my year end results anyway because I have just made the last payment of the year.

In 2012 I paid off $8,870.00 in debt. In addition, I added $382.60 to my emergency fund. My only remaining debt is $8,850.00 on my line of credit (revised target was to get it below $9K this year). So the VISA is gone! My line of credit is down from $12,435.00 to $8,850 now sitting at 8.4%. I am using my extra funds this month that normally go to the line of credit to pay for Christmas expenses.

I can see that the line of credit will be gone in 2013. I'll have to up the payments a bit so it's done by the end of November to ensure I have more cash flow in December for the holidays.

I DID IT!!!

10 Responses to “End of year summary - debt payoff”

  1. creditcardfree Says:

    Happy Dancin' with you!! That is great debt pay down for the year.

  2. Beawealthywarrior Says:

    Great job

  3. MonkeyMama Says:

    Woohoo!!

  4. snafu Says:

    Fantastic! Great job getting VISA paid off and on target with Line of Credit. Doesn't it feel terrific!

  5. ThriftoRama Says:

    I'm totally amped for you. This is awesome!

  6. North Georgia Gal Says:

    Way Cool!

  7. CB in the City Says:

    Congrats!

  8. wowitsawonderfullife Says:

    Thanks!

  9. LuckyRobin Says:

    Awesome job.

  10. Shiela Says:

    well done!

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