My rough number after the Nov payments on the 0% BoA is $10400. 10400/ 17 months is about $611 per month. This month's payment of $2200 dropped the monthly minimum in order to get this card paid off before interest hits by $89. I realize there was about $1700 in living expenses wrapped up in the tne $2200 yet at the same time, the very real balance was roughly $12600. An effective $89 reduction in the minimum balance is great. Yet, it needs to be closer to $600/ month at this time; actually a kiss higher due to my rough rounding.
You’re right! I made the payoff tracker to just show $10k of payments but I didn’t include that last bit to get us over the finish line to 0 - maybe I can squeeze one more sticker to color onto the sheet :)
@@OrdinaryEverydays 17 months is a long time away yet not much time if you stray too far from say the current target of ~@$600/ month. Unless you are dumping extra on the BoA, 0% interest card i suggest recalculating the minimum you need every month for an interest free payoff. Although my numbers are too rough to depend upon, (17×11) just $187 extra would take the minimum from $611 to $600. With extra payments, you could then chose to reduce your self imposed minimum or retire the loan earlier than the introductory time period of 18 months .
Do work on getting that BoA balance down as fast as possible so that the effective minimum paymemt reduces to a moree manageable amount. At this point, i would put most of that March bonus on the BofA balance.
Whether eating out comes out of your budget or your husband's budget, it sounds like eating out is still draining dollars from the family income. Consider figuring out about how often you are eating out per week. Then spend a week or two actively reducing that numner by 1. After a week or two, reduce it by another 1. Also check to see which meals yoiue eating out. Does it include breakfasts and lunches? If so, try to work additional,nreafast and lu ch opportu ities into the grocery list too.- If reducing eating oit meals by 2 at a time in a week, or even just for a single two week interval, then by golly go ahead and do so. Do be sure to think about the obstacles to eating frim the kitchen. They might include some food storage containers, a coffee thermos, a hotmor cold food wide mouthed thermos , etc... Decide how many times one of the investment pircjases must be used to break even compared to eating out. Once one is paid for or there is adequate savings, buy the next one.
Listening while i get ready for work 💙
Looking forward to the mid month check in!
Great progress toward your debt! Your digital trackers are so cool! That looks like it would be really relaxing to color that in 🥰
Love your digital coloring sheets 💚🤎
Thank you! Can’t wait to see some progress on them
Hey girl! New subbie here! Great transfer Tuesday video! Love all the green! 💚💚💚
Thank you and welcome!! 🤗🤗
Next month that BOA balance could be under 10k! That will be a great feeling - and you’re doing a great job!
Thank you! Looking forward to adding up all my progress at the end of the year
I made a new intro for the holiday season ✨✨ hope everyone’s week is going well!
New subscriber! Listening in right now. Hope you're having an awesome day! 💜
Welcome! Hope yours is wonderful too ✨✨
Hi 👋 here watching 😊
Thanks for watching!
My rough number after the Nov payments on the 0% BoA is $10400. 10400/ 17 months is about $611 per month. This month's payment of $2200 dropped the monthly minimum in order to get this card paid off before interest hits by $89. I realize there was about $1700 in living expenses wrapped up in the tne $2200 yet at the same time, the very real balance was roughly $12600. An effective $89 reduction in the minimum balance is great. Yet, it needs to be closer to $600/ month at this time; actually a kiss higher due to my rough rounding.
You’re right! I made the payoff tracker to just show $10k of payments but I didn’t include that last bit to get us over the finish line to 0 - maybe I can squeeze one more sticker to color onto the sheet :)
@@OrdinaryEverydays 17 months is a long time away yet not much time if you stray too far from say the current target of ~@$600/ month. Unless you are dumping extra on the BoA, 0% interest card i suggest recalculating the minimum you need every month for an interest free payoff. Although my numbers are too rough to depend upon, (17×11) just $187 extra would take the minimum from $611 to $600. With extra payments, you could then chose to reduce your self imposed minimum or retire the loan earlier than the introductory time period of 18 months .
Do work on getting that BoA balance down as fast as possible so that the effective minimum paymemt reduces to a moree manageable amount. At this point, i would put most of that March bonus on the BofA balance.
Whether eating out comes out of your budget or your husband's budget, it sounds like eating out is still draining dollars from the family income. Consider figuring out about how often you are eating out per week. Then spend a week or two actively reducing that numner by 1. After a week or two, reduce it by another 1.
Also check to see which meals yoiue eating out. Does it include breakfasts and lunches? If so, try to work additional,nreafast and lu ch opportu ities into the grocery list too.- If reducing eating oit meals by 2 at a time in a week, or even just for a single two week interval, then by golly go ahead and do so. Do be sure to think about the obstacles to eating frim the kitchen. They might include some food storage containers, a coffee thermos, a hotmor cold food wide mouthed thermos , etc... Decide how many times one of the investment pircjases must be used to break even compared to eating out. Once one is paid for or there is adequate savings, buy the next one.