I am looking over my snowball debt repayment plan and feeling slightly overwhelmed. I have $500 in my budget for this and I hate to say it but 7 credit cards to pay off. Enter overwhelming feeling. In the first month I will have 1 of them paid off with the 2nd done in the 2nd month and the 3rd in the 3rd month. I can see how wonderful it will be to be down to 4 cards but it seems so daunting trying to get there.
I am planning on 3 No Spend Days this week, just like last week. I think after this week I am going to make one of my weekend days a No Spender. I seem to spend a lot both days of the weekend so that is going to be a new challenge.
DS is turning 3 next week and we will be having family over to celebrate. DH already picked up his gift so I will be in charge of feeding the crew. I am not sure what I am going to make this year. Last year I made pulled pork for sandwhiches and that was a huge hit so if I can't find something else I will fall back on that.
Spent $98 at the grocery store last night which put me over budget since I had gone to the store the week before. On the plus side I do have 3 new tasty recipes to try out on my family this week and I am still eating left over soup from last week.
Anyways, guess I just had to put my feelings out there. It's good to acknowledge these feelings, perhaps I will remember how I feel right now next time I pull out a credit card.
Overwhelmed
January 22nd, 2008 at 11:12 am
January 22nd, 2008 at 12:11 pm
January 22nd, 2008 at 01:40 pm
Sometimes when I start cleaning my house, I too feel overwhelmed. I have to set priorities that day and decide what is the most important 3 items that need my attention. It could be grocery shopping, clothes washing, shopping for a gift, or even working on the finances. I sometimes have started at the front door and worked myself around until I feel satisfied. Just start somewhere and that is with your first debt and let that be your concentration. The rest will be fine because the balance will be going down each month even though you are concentrating on the one. It is doable, just hang in there.
January 22nd, 2008 at 02:45 pm
I'm sure you know that it's doable, but yeah, I understand about your feelings there.
By the way, your retirement savings are wonderful!
January 22nd, 2008 at 03:31 pm
January 22nd, 2008 at 04:35 pm
January 22nd, 2008 at 06:17 pm
January 23rd, 2008 at 03:56 am
Broken Arrow-thanks for the comment about my retirement. I wish I could take full responsibility for it but I can't. Both my parents passed away in 2001. The IRA I have is actually a beneficiary IRA from my father's retirement. When he passed away the money went to my mother and then when she passed away 6 months after the retirement was divided in half between my sister and I. It is managed by the same guy at Merrill Lynch that managed my dad's plan. I don't do much with it other than receive a Mandatory Distribution once a year and give the OK when my advisor wants to move things around. I like that I don't have to do much with it and hopefully it will be there when I retire!