Hello Tuesday! This is the day that we make an extra effort to pay down our debt and slide into retirement debt-free . Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt. This helps keeps us aware of and accountable for our debt. And it all makes a difference.
Our only debt is a HELOC with an interest rate of 2.24% The minimum monthly payment goes towards the PRINCIPAL and the INTEREST. I am chipping away at the balance until we sell my deceased mom's house that is currently being used as a rental. At that point, we will pay off the rest of the balance. Until then, I will be sending in payment to this debt and to my taxable investment account every Tuesday.
My last Transfer Tuesday was July 6, 2021
Previous balance on last Transfer Tuesday Post $67,082.46
Money Moves This Week:
eBay 10% of weekly payout $32
Etsy $37.22
GetUpSide $72.55
BOA CC Rewards His: $66.78
BOA CC Rewards Hers: $44.20
TOTAL $183.53
Sending $100.00 to my M1 Finance account. M1 will spread the payment between my first Pie (stocks I selected) and VTI (Vanguard Total Stock Market ETF)
The balance as of this morning is $836.46
I also have a savings account with M1Finance. That side currently has $396.39 in it as of this morning. This account may be a landing spot for future Required Minimum Distributions (from an inherited IRA) as the interest is currently 1%. The savings account this is currently being used has a rate of 0.01%.
And I will be sending $152.75 to the HELOC
The NEW balance will be $66,929.71 I will be sending in at least $0.71 in too. The cents drive me bananas. I like it to have no cents showing.
When we started paying down the debt in
Sept 2019 we were at
$95,853.00
How was your Transfer Tuesday?
FICO 805 _BOA
Well done! We are slowly transferring money to our mortgage, from the vacation house sale.
ReplyDeleteExcellent! Hope it will whittle down your mortgage considerably!
DeleteI love how you do this and I need to start doing this with you, just too lazy and having too much fun!
ReplyDeleteYou are the queen if money saving challenges!! Keep having fun!!
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