Monday, May 16, 2011

I sold the ring....

YAY!! I finally sold the diamond ring that was my wedding/engagement ring. I'm getting $4375 for it now, and when the jeweler sells it, I will get another $2000 which is more than I expected to get, so I'm happy! I sold it to a reputable jeweler that my family has dealt with for many years and am very comfortable with the offer they made me. I am going to pick up the check this afternoon from them and will be able to make a big dent in the debt later this week! Keep watching that ticker drop!

Tuesday, May 10, 2011

Change in the ticker...

I've decided that debt is debt and regardless of what it is for, it's the total of what I owe. I've redone the ticker at the top of the page to be all inclusive of my debt. This will include credit card debt, the loan from my parents and my mortgage debt. I think that if I see the BIG picture it will motivate me more to do what I can to continue working toward reducing this amount any way possible. That over $200,000 amount is awfully daunting...let's hope I can quickly get it under this number and continue to watch it decline. Realistically I know that I don't owe anymore now than I did this morning, but just seeing the grand total has given me a new outlook on it. The $11,000 in credit card debt was not pretty, but didn't bother me near as much as seeing the big number of all debt added together.

What tricks do you do to help keep yourself motivated?? Do they work??

Friday, May 6, 2011

May is looking up...

I'm starting to gain some momentum on the debt pay down and it's exciting. I made my loan payment to my parents last week and won't have to make another one until this same time next year, so that is nice. I can fully focus on paying down the credit card debt that is solely from the divorce. I've been really watching what I am spending on everything else and cutting back on everything possible so that I will have the money to pay down the credit card. I've also been taking some classes for work that they are paying for, but I'm gaining skills to make myself more valuable to the company, so hopefully that will result in a raise and/or promotion. Next month I will have been at my job 10 years, longer than any employee other than owners. I'll keep you all posted on how the debt is decreasing...keep watching the tickers at the top of the page.

Happy Mother's Day to all you Moms out there. Enjoy your special day!