Wednesday, October 13, 2021

Transfer Tuesday: Paying Down Debt 10/12/21 Better Late Than Never


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  $64,058.42

eBay 10%     $15    

Posh, Mercari, Bonanza Payout $150.42             

New HELOC Balance:   $63,893.00

We have chipped away $30,000.00 since September 2019

Every little bit helps.  

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. You are doing so well, when will I get on this train I wonder. Maybe you will have to drag me....?

    1. You are the queen of saving and paying down debt!!!