Now that my education is fully paid for, it’s time for me to start tackling my credit card debt. I only have a few months to make aggressive debt repayments on it, before I need to move out of the ‘rents house again. So, let’s see what I can do.
I have five paycheques from now until the end of November. My plan is to put at least +$600 per paycheque on my credit card debt. If I can do this, my debt should go from -$6,500 to approx. -$3,500 (plus some interest, of course), by December 1st of this year.
During these next 2.5 months, I am going to continue doing what has been working for me so far: not going to the bar, not drinking much alcohol at all, and basically never shopping. But Baby Bro’s 16th birthday is coming up, as is the biggest holiday of the year – dun dun dun, Christmas! And, I desperately need a haircut now. Anyway.
If I move out January 1st, December is going to be tight tight tight. A huge part of me is hoping the ‘rents will let me stay at home until February or March but we’ll see what happens closer to then. Either way, moving out with -$3,500 of debt in comparison to -$6,500 puts me way ahead of the game.
My payments will obviously slow down, once I move out, so I need to get as much paid off as I am comfortable with. The biggest issue will be whether or not I can ignore my soon-to-be available credit. Cross your fingers I have the strength!