So I mentioned that we had already taken steps to pay off our credit card debt. And while we've never studied the Dave Ramsey plan, I'm a huge fan of his snow-balling technique. And for those who care, that's what I plan to do with some more of our current debt so that I can get us right where we want to be before taking on a mortgage. :)
My goals are to get our oldest car paid off first (which sits at about a $6000 balance right now). Right now, that means a good 17-18 months left on the loan. I'd love to get it paid off in 8-10. And I'm not gonna lie- figuring out those numbers scare me a little. :-P
We DO carry a small balance right now on one credit card, and I plan on having that paid off in 2-3 months.
We'll save a little by not paying $185/ month for preschool this summer, so I'll try and stash anywhere from $150-$200 or more away each month from that. :) And all of that will go towards the down payment fund.
And for those of you who are wondering just how close we are to obtaining our 1st portion of that American Dream... We are currently at .84% of our minimum down payment goal. LOL. I know, I know... It's less than 1%. But you gotta start somewhere, right? Right?
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