The Tax Refund is in the Can

    Last night I checked my bank balance as I was making sure I had everything accounted for in my budget.

    And there, my savings account looked awfully swoll. For a split second, I hoped that maybe I just had so much money that I forgot about a thousand dollars or so.
    But reality came rushing in real quick.

    It was my federal income tax refund.

    I promptly transferred the $1,044 to my checking account. Then, I promptly scheduled a payment for today to my credit card for the whole amount. As I previously pledged, I'm using my entire refund for my credit card.

    Done and done.

    I still have a drip of money coming my way from my D.C. refund -- about $100 or so. That's going on my card too.

    I did put less of my regular monthly payment on the credit card to sew up this monthly deficit I've run. I should be squared by the end of the month and back to my regularly scheduled payments.

    Since my original debt repayment plan didn't go exactly the way I hoped (but for good reason, as I mentioned in my previous post), I have to rethink how I am going to pay down this debt sooner rather than later.

    Stay tuned.

    DH

Comments

[leanne]

Great work! So, where does that leave your CC balance now? You are going to be debt free before you know it! Yeah!

[Dolly Iris]

Congratulations for sticking to it and putting your entire refund on your CC. Soon you'll be debt free... imagine that. :)