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Paid My Bonus to Debt

March 26th, 2009 at 07:06 pm

I just updated the sidebars to reflect paying all of my annual bonus to our debt! Well, all but $742. I used that to pay one of the hospital bills for the birth of my son in January. Once I get that money reimbursed from my Flexible Spending Account the $742 will be heading off as well.

April is going to have about half the debt snowball we aim for - we want to send at least $700 extra to debt each month. As the "geek," I put together our initial written budget each month and April has a couple of additional line items - summer clothes for the family (limited amount & shopping on sales), $110 for one last hospital bill for my oldest son from December 2008 (just now due), and minor planned expenses for a weekend away for my husband for an organization that he volunteers for (a convention).

We still haven't found a newer vehicle to replace my husband's 1990 Jeep Cherokee. We have been passively looking since we don't *have* to replace his car. We are now starting to consider buying a newer Cherokee (1999-2001) and only spending part of what we have saved up in our car fund. That will be that much more money to go toward debt this year. I would love to have our car & my smaller student loan paid off THIS YEAR!

2 Responses to “Paid My Bonus to Debt”

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