First here is how we looked at the end of 2009:
2009 YEAR END balances:
Mortgage = $269,000 @ 5.25%
CC = $23,000 @ 0% thru June 2010
Total Debt = $292,000
And as reference, here's how we looked at the end of 2008:
2008 YEAR END balances:
Mortgage = $274,000 @ 5.25%
Car loan = $15,300 @ 5.75%
CC = $18,000 @ 0% thru Nov 09
Total Debt = $307,300
We improved our debt standing from 2008 to 2009 by $15,300 because we paid off a signifcant part of our car loan and transferred the remainder to the 0% account.
For 2010, our goal is to cut down the 0% debt down to zero -- quite feasible if we look at it as being less than a $2,000 payment each month.
Here's to a great 2010!
2010 Financial Goals
January 6th, 2010 at 09:01 pm
January 7th, 2010 at 12:20 am 1262823631