Tuesday, July 27, 2021

Transfer Tuesday July 27, 2021 Paying Down Debt and Investing




Hello Tuesday!  This is the day that we make an extra effort to pay down our debt and slide into retirement debt-free .  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keeps us aware of and accountable for our debt. And it all makes a difference.

Our only debt is a HELOC with an interest rate of 2.24% The minimum monthly payment goes towards the PRINCIPAL and the INTEREST.   I am chipping away at the balance until we sell my deceased mom's house that is currently being used as a rental. At that point, we will pay off the rest of the balance.  Until then, I will be sending in payment to this debt and/or to my taxable investment account every Tuesday. 

My last Transfer Tuesday was July 20th, 2021

Previous balance on last Transfer Tuesday Post   $66,798.93

Here comes the monthly finance charge: $124.02

The current balance  with the finance charge is now $66,922.95

Money Moves This Week: 
eBay 10% of weekly payout $21
Monthly payment of $1000
 New HELOC balance is $ 65,901.95

I recently cashed out a CD that was earning 0.15% ( it was time to renew or cash out) and put that money into my taxable investment account at M1Finance.  

I will put half into my Vanguard Total Stock (VTI) and half into my First Pie which is a collection of personal stock picks. This is the balance as of today BEFORE the transfer of $1000.00

When we started paying down the debt in Sept 2019 we were at $95,853.00

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection


  1. Every time I read you posts, I say to myself, Kim you need to be doing this and then I just run with scissors.

    1. You are a GURU at paying down debt!! And you use your scissors to do just that.

  2. That M1 account is growing fast. Way to go!

    1. Thanks! It is fun to watch it grow. Not an expert on the market, but am using this as a tool to learn more.

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