Not Impressed With Our Debt – Update

The last time I did an update on our debt was in my March 27th post. In that post I updated that I had gotten my medical bill paid in full and paid our Town/County taxes. The goal for April was to pay off the Bank of America credit card but I was a little leery because of the pandemic and whether I should just make minimum payments to keep a flow of cash if needed.

That was a short lived thought for me! I paid off the Bank of America card two weeks later which was about $1300. Not only did I pay off the BOA card but I was also able to pay the NYS and Federal taxes we owed from our 2019 tax return. Don’t worry I definitely stimulated the economy with our stimulus check but I also took it as an opportunity to pay off some debt!

Now the next goal will be to pay off Scott’s Honda which sits at about $1600. My goal is to get it done in July because we have five paychecks that month.

I have been working to pay down our debt for almost two years now. I am not completely happy with where we are after two years but I will talk about that in my July update. For now I plan on working hard and getting that car debt paid in July.

How are you doing on your debt? -MM