Tuesday, September 21, 2021

Transfer Tuesday 9/21/2021 HELOC, Paying Down Debt, Consistently Inconsistent




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. 

Previous balance on last Transfer Tuesday Post  $ 65,661.95

Money Moves This Week: 

Cashed out a low interest earning CD $1000.00
Sending cash from my eBay account      $61.95 
                                    New HELOC balance:  $64,600.00

We have chipped away $30,000.00 since September 2019

Short Term Savings: 
BOA Keep the Change Savings Account       Previous $1101.00
Monthly Auto Transfer $25
Round Up to the Round Ups  $5                     New Balance $1131.00


M1Finance                                                 Previous Balance: $3459.59

                                                                   Current Balance    $3343.43

There have been no withdrawals, just fluctuations in the market. 

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. I am so proud of you and every time I rad one of these posts I FEEL GUILTY. I am not trying as hard as I should.

    1. Kim,YOU are my inspiration! YOu are always paying down debt and didn't you just pay of a mortgage couple of years ago?? Girl, you are the best.

  2. You are doing a great job of retiring debt free. I love that. I wish you the best of luck in getting the Helocmpaid off ASAP.

    1. Thanks Belinda! It is definitely a process. I cannot wait until that HELOC is gone.

  3. You have made great progress Lisa! Wow, your M1 grew fast. I'm impressed!

  4. Does BOA's keep the change only work with debit card purchases? I only use a CC or cash to pay for my purchases.