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?