Log In Sign Up

A kink in our debt payoff . . . . .


Forum: Financial Planning and Budgeting

Notices

Welcome to the JustMommies Message Boards.

We pride ourselves on having the friendliest and most welcoming forums for moms and moms to be! Please take a moment and register for free so you can be a part of our growing community of mothers. If you have any problems registering please drop an email to boards@justmommies.com.

Our community is moderated by our moderation team so you won't see spam or offensive messages posted on our forums. Each of our message boards is hosted by JustMommies hosts, whose names are listed at the top each board. We hope you find our message boards friendly, helpful, and fun to be on!

Reply Post New Topic
  Subscribe To Financial Planning and Budgeting LinkBack Topic Tools Search this Topic Display Modes
  #1  
June 21st, 2010, 01:50 PM
Lynsann's Avatar Platinum Supermommy
Join Date: Oct 2005
Posts: 8,867
So you all remember how excited I've been to have our debt completely paid off in August right? Well, we've had a bit of a change of plans. We have decided that DH will probably be taking a new job in the next couple of months and it involves a risk and possibly a loss of income for a couple of months, BUT it could end up really good. So, we've decided to delay the paying off of our last credit card. It's not a big delay though. I am still paying quite a bit each month. It will be paid off next June and we will be able to build our savings to get us through the next few months. I am feeling good about it. We have paid off more than half of our cc debt in the last 3 months so I'm really proud of us. We still have a set-in-stone plan for debt payoff success, we're just taking the last part a little slower. Basically, we're covering our rear-ends so we don't have to fall back into debt at some point.
__________________
Mommy to Ava (5/24/06) and Kai (5/11/09)
Reply With Quote
  #2  
June 21st, 2010, 08:56 PM
ashleighgurl's Avatar Loving Wife and Mommy
Join Date: Jan 2007
Location: Arizona - formally, Michigan
Posts: 12,763
I think that you are probably making a good decision. You don't want to fall back into using credit cards and getting into more debt. I think that as long as you and your DH are comfortable with it, that's great. And, good job with paying off as much debt as you already have!
__________________
*Ashleigh*
Wife*Mother*Student*Entrepreneur*
Kyleigh - 4 years old
Our beautiful miracle baby..


Do you want to learn how to stretch your dollars further?
Come join us on the Frugal Mommies Board!
Latest Trip: Spent $90, Saved $400!
Latest donation trip: Spent $0, Saved $675!!!
Check out what I'm selling! Lots of baby/toddler things!





Reply With Quote
  #3  
June 22nd, 2010, 08:50 AM
luvmygirls333's Avatar Super Mommy
Join Date: Jul 2009
Posts: 623
I agree. It sounds like a good plan. While it would be nice to have your debt paid off now, it's much smarter to delay it a bit and build a cushion so you don't have to use the CCs again!
__________________
Reply With Quote
  #4  
June 28th, 2010, 03:23 PM
mommy2Breana+Brandon's Avatar Platinum Supermommy
Join Date: Dec 2006
Location: PA
Posts: 39,401
I agree you are doing good in covering yourselves so you don't fall back into that situation.

That is awesome that you paid off so much already!!
__________________

Do you love food, entertaining, cooking?!?! Then you will LOVE Tastefully Simple. www.tastefullysimple.com/web/cpisch

Reply With Quote
Reply

Topic Tools Search this Topic
Search this Topic:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -7. The time now is 05:58 PM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0