Debt Progress – Last Update of the Year

When I last made an update on where I was to being debt free meeting my goal for this year. I had said that I was going to do another progress report before the end of the year hit. I make a payment to one of my debts twice a month but I am still excited to see that amount go down after every payment.

The debt I am focusing on jumped around the first 5 months of the year. I how however am not going to get into what kind of debt it is though. It is was just under $6,000.00. I wanted to have my debt paid down by one third come the end of December. If I break this out separate I will have paid this down to a quarter of the debt left owing. Currently I am just over half way paid off!

The revolving debt I have not really made much a dent in. I do not feel defeated though. I knew that when I made up the payment plan in June that I had a ways to go. I do not gamble (with my own money but that’s a post for another time), so how could I magically pay everything off in a year? I would love to say by the end of 2017 I will have everything paid off but I am re-thinking how I will precede with that year.

I have a method to my madness and I will write a post on what worked for me personally. I just need to make sure that it works for me since I am still on the first debt. There could be half a dozen tweaks I still need to make before things settle on the right path.

Looking Back On 2015 and Looking Forward to 2016

It feels like not much had happened in the previous year. I am starting to think that has something to do with being an adult. However, if I look at it in peices more than enough happened to me.

  • I officially ended my relationship (it was over in 2014 though)
  • I entered my career at full force
  • Effie came here to visit me twice! Only friend to do that
  • Left with debt
  • Moved twice
  • Quit smoking
  • Started serious research into adoption 
  • A few new pen pals 

These aren’t resolutions by any means but it puts into perspective what I am looking for in 2016.

  • Cutting my debt by 1/3 at least
  • Effie and Little M moving up here with me
  • Continued research into adoption
  • Bringing my blog follow back up (as well as keeping current with those I follow)
  • Creating and continuing the stability in my life
  • Entering the next step of my career (my own clients and taking on payroll for the office)

It may not seem like a lot but most of it will take discipline. Also with Effie and Little M (she better be ha-ha) moving it is a huge change for everyone. There will be stress and adjustments for both of us but it’s remembering the end goal and staying strong through the rough patch at first.