In looking at our checkbook again, we realized that our frugal living, the last of our ebay sales and a chunk of overtime added up to an amount that we rounded up to 1300 dollars for a snowflake towards our truck payment. This is on top of the debt snowball we are doing where we are already paying an extra 400 a month to boot.
Sweet, this should bring the balance in around $12,3XX left now (always hard telling the way they take out interest and such).
This has really been invigorating to be chunking down decent size snowflakes. The snowball method has pushed us along nicely, but the extra work, frugal living and selling everything we don’t use and decluttering has really helped make a big difference.
In my last two extra payment posts you will notice that they were for a lot of money. Back when I was in engineering school working on my bachelors I bought thousands of dollars of equipment to support my love of electronics and wanted it to be a fulfilling hobby. But now since I already do this 50 hours a week in my job in which I get paid for and get to buy 20k-50k in cool stuff every year for my job, I really have no desire to do this as a hobby anymore. So rather than sit on all this money which I had put on discover card back when we had credit card debt 5 years ago, I decided to sell it for whatever I could to help our current situation. This has proven itself beneficial in not only cleaning up the house and garage, but also earning some decent cash (never mind the fact that I probably am only recouping 60% of what I paid for the items, they are already paid for).
Anyway, I have been inspired lately and I hope that you have been too.