Several months ago I decided that I would use the snowball method and pay down my lowest debt first. This is a small $1,800 Perkins loan. I started making payments in March of last year. I now owe only $612 on it. That is so incredibly exciting for me that I cannot even begin to tell you. I am hoping to have it paid off by June or July. In the meantime I'm only going to pay minimums on my other loans and gulp perhaps even my credit card for a couple of months. Once this wedding is over I'll be able to focus entirely on debt repayment. Thank God! Eh...who am I kidding? I'm not going to just pay the minimum on my credit card...that would be a little foolish on my part. Ok-I will pay a little more than the minimum. The hardest part with this ECSI loan is to resist the urge to pay it all off at once. I know better than that. I know that if I do that I'll drain all of my savings and then I'll be right back where I started. Slow and steady always wins the race at the end of the day. It's hard to believe that Easter is right around the corner. When did this happen!? I'm flying home next weekend for Easter/Final Wedding Planning Details (Meet with Priest, Do my Tasting, Hair Trial, Second Dress fitting). I feel like if I don't write all of these things down on a list I'll go crazy! Argh! There seems like there is still sooo much left to do!
***Check out my sidebar for the down and dirty of what I owe on debt. I've recently taken on the mindset of the blogger $12 a day that any money that I make is already owed to debt. I will never be free to use my money the way I want to until my debt is entirely paid off. Hopefully now that I have this mindset it will help me to save money in any way that I can and to really look at what I am buying. ***
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