Wednesday, December 19, 2007

Check Out the Debt Snowball

My goal this month had been to pay more toward debt than we did the month before. But, life happened, as it is wont to do. The brakes went out on our car. And then we got a flat tire and the tire guy was like, "People. Please, for your safety, don't just patch these again." So, we dipped into the emergency fund to fix our car. And while we didn't meet our debt-paydown goal, we also didn't have to use credit to pay to have our car fixed. And that's a success in my book.

We think we can have the emergency fund back on track by mid-January, and then we'll really get rolling on the debt paydown.

5 comments:

Most Prepossessing said...

Keep on going. Your net worth has still increased! I love Dave Ramsey!

Tread Softly said...

Keeping your debt in check during the holiday season is quite an accomplishment. Managing a payment is a practical Christmas miracle.

the veggie paparazzo said...

That IS a success. Knowing that you had that emergency fund there is such a relief, isn't it?

Tenille said...

The emergency fund HAS been such a life-saver. There is NO WAY we would still have no credit card debt if we didn't have the emergency fund. It's the best thing we've ever done, financially. And it only cost $1000.

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