One down, 2 utangs to go

Image by Walt Jabsco via Flickr

As of today, our lowest debt is paid off! It was a hire purchase for our Bosch washing machine and a Jamie Oliver set of pots and pans that totaled $2,230. We took that loan 2 years ago on a no-interest-for-2-years installment plan. I am so happy to report that we paid it off in 2 years! Wahoo!

Bali 2 consumer debts na lang that are both on credit cards. Current balance to kill is a whopping $17k!!! Mas malaki pa nga yan early this year ($20k) pero unti-unti nababawasan namin without incurring more charges to it.

Kaso ang plano namin is not to be aggressive on paying the credit cards off kasi kelangan naming i-bump ang Move Overseas Fund. We plan to be aggressive towards paying the cards off pag andun na kami sa bagong bansa namin. Sa ngayon, we pay a fixed amount of $410 to the cards, which is way more than the minimum. I follow Dave Ramsey's advice regarding paying debt, although sa ngayon di ko magawa ang debt snowball. Lahat ng wiggle room namin sa savings namin nilalagay. Pag naka-settle na kami sa lilipatan namin, we'll make sure na yung mga wiggle room monies namin ay mapupunta sa pagbayad sa mga utang namin.

Huling hirit: Ayoko nang magkautang!

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