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January Goal - MAJOR dent in HELOC

January 3rd, 2008 at 05:29 pm


Well, the money for the sale of the Vanguad mid-cap index fund and the $256 over $15K in the money market fund appeared in the checking account today and I applies $4,253 to the HELOC (8%) and that leaves a remainder of $755.06 which I will pay off by 1/31/2008.

What a great feeling! I was one content to see that $4100 in the midcap sitting there in the asset column, sticking my head in the sand about the HELOC (actually saying "It is ONLY $56 a month). I am glad that people were candid and frank about it costing me money in the long-run. I am glad I could be honest about the situation (I do tend to sugar-cost things) With the extra money, I will apply it to the AmEx Blue ($9,900 at 3.99%)

To celebrate this success, I am transferring another $8.00 from my living expense account to my E*Trade - representing my coupon savings from yesterdays shopping!

Thanks to this great forum!

5 Responses to “January Goal - MAJOR dent in HELOC”

  1. sagegirl Says:
    1199381570

    Grants on the deflated HELOC Mom!! I know it must feel great to have it almost gone!!!

  2. Ima saver Says:
    1199382197

    Wow, that is great!! Good going!!

  3. Aleta Says:
    1199382675

    What a great start for 2008. That certainly was a courageous and freeing thing to do. I know that you must feel like a load is off of you.

  4. merch Says:
    1199383232

    Great job!!!

    Now for one of my favorite phrases..."What's next?"

    Debt snowball or savings account?

  5. mjrube94 Says:
    1199392684

    Congratulations!

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