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Becoming Bailey

An Update on My Debt Snowball

October 30, 2015 By Bailey

It’s been a while since I’ve written an update on my finances, and I figured now was as good of a time as any to do so. I’m not going to tally up how much I’ve paid yet– I want to surprise myself come the first of January– but it’s safe to say that I’m totally surpassing my goal for the year.

I paid off my car in August, and since then I’ve been working to pay off the $5,500 balance on my credit card. I haven’t really been working as hard at it as I should but now I’ve got some new motivation.

My employer of my HR job notified employees we will be getting a $1,000 bonus (just like last year) but in addition to that, we will be getting a 5% salary increase! Praise the Lord!! I joked with Andy last week that we should pray I get a $1,000 bonus, and God answered that prayer… and then some!

Thanks to the extra $1,000 plus an extra paycheck at the end of November (we get paid bi-weekly, and November has 3 paydays) I will have an extra $1,300 to put on my credit card. It would be more, but taxes. That’s all I’ll say on that subject 😉

My goal is to pay off my credit card by the beginning of February. I have a few goals for what I’d like to do with my money come February, but for now they’ll be a secret…and no, they don’t include paying off my student loans yet! Gasp!

3 months to go until I can “Discover” credit card freedom. Let’s see if I can do it 🙂

How long did it take you to pay off your credit card?

 

Filed Under: Finances Tagged With: Finances


Hi y’all!

I’m Bailey and that’s my handsome husband, Andy. I’m a Kentucky girl who fell in love with a soldier and packed up her life in the Bluegrass state to explore the world. We currently live in beautiful Bavaria, Germany with our toddler son, Drew, and our cat, Gracie. Becoming Bailey is my happy space on the web where I share about our lives, Army adventures, and everything in between!

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