Because “Oh crap” moments are not an option.
Now that Hubs and I have a goal to pay off a minimum of $1,500 each month, I realize that I will need more accountability to make sure this happens. I say “I” only because I’m the one who makes sure our creditors receive their money. With Hubs traveling for a living, there is no way he could handle paying the bills. He has enough on his plate with being our primary breadwinner. As long as he sees that we are meeting our goals, he is happy. With that in mind, I realize I can no longer wait to do a monthly update as that could lead to an “oh crap” moment.
Today I took a moment and ran our numbers for December. Since posting our numbers on December 2nd, we have paid off another $1,426.09, bringing our yearly total to $9,198.89. Our total debt remaining is now at $46,550.80. Although our official goal of 18 for 18 doesn’t start until January, I’d still like to see us pay off a minimum of $1,500 this month. I’m pleased to say that it will happen because of an already scheduled payment that will post this coming Friday. No “oh crap” moment for this month!
Another reason for doing a mid-month progress update is that it will serve as encouragement. When it comes to digging out of debt, nothing makes me smile more than seeing the numbers go down! With payments made at different times throughout the month, why wait for an entire month to experience the excitement of seeing the official number go down?
For those of you also digging out of debt, how often do you look at your numbers? What gives you the most encouragement to keep up the good fight? Feel free to share your own successes, and we will all celebrate with you!