Tuesday, December 7, 2021

Transfer Tuesday December 7, 2021



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 keep 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    $63,806.00
 Finance Charge: $117.24

New Balance: $63,996.18
Minimum Amount Due: $247.49

Minimum Payment: $247.49

eBay gross earnings  10%     $32.00     

New HELOC Balance:   $63,526.51

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

Short Term Savings: Our short-term savings account is a "Keep the Change" account.  BOA will round up debit purchases and send the round up amount to the savings account.  The account previously was a little over $1300.00.  When we bought out our phone contract, we needed to spend $300 to cancel the account and move it over to Spectrum for a much lower monthly bill. 

Invest:  M1finance account which I have named our future vehicle replacement fund.  The balance is currently $3798.32

We are sending $200 from recent sales that have taken place on different platforms to include Etsy, Mercari, and eBay to this account which will bring the balance up to $3998.32.  As this is a taxable brokerage account the balance will fluctuate.  

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection

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