Refinancing Our Home – One Step Back, Several Steps Forward

Again, this will potentially save us tens of thousands of dollars in the long run and we’ll put the extra cash to good use each month, but I hated the thought of that debt increasing in any ways, shape or form.

Starting Credit Card Debt (01.01.19): $126,310.77
Current Credit Card Debt: $109,570.87
Total Paid Off: $16,739.90
Income Going to Savings: 2%

While I’m probably the only one that pays close attention to that little stat tracker at the top of each post, some of you may have noticed that my total credit card debt went up as of today’s post while my total paid off went down. Here is what it looked like yesterday:

Starting Credit Card Debt (01.01.19): $126,310.77
Current Credit Card Debt: $108,870.87
Total Paid Off: $17,439.90
Income Going to Savings: 2%

This is sort of (to borrow a term) “ass backwards” of the intent of my efforts.

When we grabbed our proverbial shovels in January and decided to dig out of debt once and for all, we made a promise that we would close all of our accounts and never look back. We made good on that promise almost immediately, and I can now say that all of our accounts but one are closed for good. The reason we left one open is this:Read More »