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Home > End of March Update

End of March Update

March 29th, 2011 at 03:10 am

So spending for March has gone pretty well.

I made a major decision this month to pull money out of my emergency fund and pay off most of the credit card debt. I just don’t want it hanging over my head any longer and it will be faster to recoup the money into my emergency fund than it would be to pay off the debt. I would still have about $7k in savings and that is a little less than three months emergency money. I am working up to having 1 year in the bank of all expenses then I will begin saving for a down payment again.

I will be paying off the Eldo card, the Chase card, the Amex that has about $500 and about $3500 of the PNC card. All together I am paying off $7876 in debt and will have the rest of it paid off by February 2012 at the latest.

I am so glad to be paying off the debt. It has been weighing on my mind for the past few years and I just decided that I want it gone.

I am still saving for the vacation in November or December. We have finally decided on Singapore and Bali for about 11 days. I am excited for the trip but really excited because I will get to see my friend Mina in Singapore who I have not seen in 6 years. So exciting! I have not traveled for the past few years and I am looking forward to the trip.

Our union vote regarding the proposed contract between the state and our union is out in the mail. We should find out the first week of April if it has passed or not. This contract means 3% more paid by me to my retirement and a personal furlough day each month meaning I am giving up 4.6% each month. They also upped the maximum pay at the top step by 3%. There are a few other provisions of course but that is the bulk of the changes. I am glad that I will get money back into my paycheck with April’s time period.

I have money left in my grocery spending for March and if I need nothing at the store in the next couple of days I will use part of it for emergency food build up and part for picking up a couple of items at CVS that are on sale.

3 Responses to “End of March Update”

  1. creditcardfree Says:
    1301400267

    Yipee for paying off debt. Sounds like a great decision!

  2. CB in the City Says:
    1301402103

    I think you did the right thing, especially since you still have some emergency funds.

  3. rachel021406 Says:
    1301417453

    So glad you are in a position where you can pay the debt and still have some in your emergency fund. Good job!

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