Just paid another $300 on CC5. I had budgeted the COBRA payment for June twice. So I paid $300 on the CC and added the $84 to the EF. My COBRA payment is $384.25 a month. I have an extra $800 in the EF to cover two months in case I need to elect coverage prior to my coverage starting with the new job.
Iβm excited because I will meet my second quarter goal of paying off a CC π³ each quarter. Monday, my final check of my missed PTO pay out should be deposited ACH to my account of about $700. Iβll be adding this of course to CC5 π³ knocking the remaining balance to $300.
Though Iβm not what Dave Ramsey calls gazelle intense, I am meeting my goals at a rate Iβm comfortable with. And Iβm saving, that is extremely important to me.
Before Dave, Iβd paid off my debt. I had started with the smallest to the largest. One thing I did was, every time I ate out, I had to match this dollar amount to my debt reduction and when I didnβt I added, $2 to my savings. I think Iβm going to start this up again. It helped me then and I like the challenge. Overall I like Daveβs plan, I think it works, but not for me, thereβs some tweaking like adding to my EF each pay day.
Lastly, Iβd like to wish all the dads a Happy Fatherβs Day! π¨π½π
On Target With CC5
June 17th, 2018 at 11:21 am
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