99k by 2011

We closed on our refinance on Friday evening. We had a 5/1 ARM at 4.75 that was due to adjust next february. We’re not going anywhere for the foreseeable future, so I know that getting into a 30 yr fixed was the right thing to do, but I still can’t shake the “did we do the right thing?” feeling. Plus, just the stress of getting it all DONE - sending paperwork to the credit union, calling and checking up on things, fax this, fax that.. I was wigging out! It’s done now. Yay!

We should be getting around $1600 back from escrow on the old mortgage. I am going to enter it as supplemental income, and then when the last paycheck of the month comes in, I will be entering that one as “primary”, which kind of makes us 1/4 on the way to Rule #1. It’s tempting to NOT do this, and just plug it into the debt, but I know that operating under rule #1 will be a big benefit to our family.

I scheduled only minimums to our credit cards this month, due to the closing and saving up for closing costs, however, I also put in a reimbursement claim for our dependent care FSA, which I decided early on in this “let’s get rid of all this debt” journey, that all FSA checks would go toward debt.

So $384 got sent to citibank. Nice Makes that escrow check not going toward debt a smidge better.

Can’t wait for bonus time. - after that, I should be able to enter 1 or 2 more paychecks as “primary” instead of “supplemental”.

Once again…. Just wondering if I’m talking in the dark here.. or if anyone is reading this?

This entry was posted on Tuesday, February 12th, 2008 at 10:10 am and is filed under journey, rules. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.