Time to see the progress on the Stupid Card Debt. After today's payment of $500.00, our balance is below $11,000.00 The new balance is $10,913.00.
This is a huge improvement from when I seriously started to attack this credit card debt back on October 20,2011. At the time the balance was $13,055.68. Thus far we have reduced the credit card debt by $2142.00, and that has take a little more than two months.
Our plans for this year are to eliminate the credit card debt. This gives us 12 months. In twelve months we will need to apply $910.00 extra dollars to the credit card to completely pay it off. We can do this!!
And how can we do this you ask?
Currently our living situation is different. We are living with my parents because they both currently need supervision due to age and or health. We are evaluating this situation on a monthly basis. Upcoming decisions will be based on their health and ability to care for themselves.
We still have monthly bills which include the following:
Elec. 50.00 ( may be less, since we are not living there)
ING acct 65.00
While we are caring for my parents, they are offering to pay for the groceries, gas and other incidentals. I am no longer employed, since I gave up a recent teaching position to become a caregiver for my dad first, and now my mom. This is significant since I no longer am receiving unemployment either. We only have my husband's income. When my mom returns home, we are going to have to discuss what I will be receiving in return for taking care of her and dad.
This will be an awkward conversation, but I am sure we will be able to come to an agreement. If not, financially I will definitely have to look for employment. But we will see how it goes.
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