It has truly been such a long time since I visited this site. Some may remember me as aevans1206. Through the years, I have lurked, but never jumped back in against my better judgement. Life as a single working mom was hectic and I was content just to keep my head above water. I am ready to grow and become a financially stable working woman.

This site changed so much about my life for the better and in the spirit of getting back on track and learning more, I acknowledge that this is the best tool I could ever use to accomplish my goals. Best part is that it is free and more supportive than anything out there.

Here is an update on my debt situation. You may want to a) sit down b) stop eating (choking hazard) or b)take a nap when done reading. I WILL pay it all off, mark my words. I make a very good living, keep an excellent budget and have the skills to get this done. I hope that by being more honest with myself, I will be disciplined enough to put my money where it should go--to pay off debt.

Debt Summary:

Remaining Debt: $34,197.56
Percent Paid: 14.83%
Debt Free Date: Jun 2014
Payoff Strategy: High Interest Rate
Total Monthly Payments: $1,314.24
Extra Payment: $300.00

Interest Savings: $5,501.90
Payoff Early By: 3 Years 0 months
Debts:
Hfc:

Credit Limit: $3,000.00
Percent Paid: 0.00%
Payoff Date: Sep 2012
Balance: $3,027.04
Interest Rate: 29.90%
Monthly Payment: $401.00
Next Due Date: January 7, 2012

Dell:

Credit Limit: $2,000.00
Percent Paid: 49.81%
Payoff Date: Nov 2012
Balance: $1,003.83
Interest Rate: 27.99%
Monthly Payment: $31.00
Next Due Date: January 17, 2012

Chase:

Credit Limit: $3,200.00
Percent Paid: 3.24%
Payoff Date: Apr 2013
Balance: $3,096.22
Interest Rate: 27.24%
Monthly Payment: $101.00
Next Due Date: January 25, 2012

Barclay card:

Credit Limit: $250.00
Percent Paid: 0.77%
Payoff Date: Mar 2013
Balance: $248.07
Interest Rate: 27.24%
Monthly Payment: $20.00
Next Due Date: January 7, 2012

Childrens place:

Credit Limit: $500.00
Percent Paid: 3.77%
Payoff Date: Apr 2013
Balance: $481.16
Interest Rate: 25.99%
Monthly Payment: $25.00
Next Due Date: January 12, 2012

Amazon:

Credit Limit: $1,000.00
Percent Paid: 0.96%
Payoff Date: May 2013
Balance: $990.40
Interest Rate: 25.99%
Monthly Payment: $41.00
Next Due Date: January 10, 2012

Orchardbank 1:

Credit Limit: $600.00
Percent Paid: 1.36%
Payoff Date: Jun 2013
Balance: $591.84
Interest Rate: 24.99%
Monthly Payment: $25.00
Next Due Date: January 4, 2012

Gap:

Credit Limit: $500.00
Percent Paid: 63.30%
Payoff Date: Sep 2012
Balance: $183.50
Interest Rate: 24.99%
Monthly Payment: $25.00
Next Due Date: January 16, 2012

Angel card:

Credit Limit: $750.00
Percent Paid: 29.86%
Payoff Date: Jun 2013
Balance: $526.05
Interest Rate: 24.99%
Monthly Payment: $25.00
Next Due Date: January 11, 2012

Company store:

Credit Limit: $250.00
Percent Paid: 32.19%
Payoff Date: Aug 2012
Balance: $169.52
Interest Rate: 24.90%
Monthly Payment: $25.04
Next Due Date: January 11, 2012

Firestone:

Credit Limit: $800.00
Percent Paid: 29.82%
Payoff Date: Jul 2013
Balance: $561.42
Interest Rate: 22.80%
Monthly Payment: $22.00
Next Due Date: January 3, 2012

Amex:

Credit Limit: $2,000.00
Percent Paid: 0.45%
Payoff Date: Sep 2013
Balance: $1,990.95
Interest Rate: 15.24%
Monthly Payment: $45.00
Next Due Date: January 23, 2012

Orchardbank 2:

Credit Limit: $300.00
Percent Paid: 3.02%
Payoff Date: Sep 2013
Balance: $290.93
Interest Rate: 14.90%
Monthly Payment: $15.00
Next Due Date: January 7, 2012

Capital one:

Credit Limit: $2,000.00
Percent Paid: 2.20%
Payoff Date: Oct 2013
Balance: $1,956.00
Interest Rate: 13.15%
Monthly Payment: $42.00
Next Due Date: January 18, 2012

Honda:

Credit Limit: $23,000.00
Percent Paid: 17.04%
Payoff Date: Jun 2014
Balance: $19,080.63
Interest Rate: 4.90%
Monthly Payment: $471.20
Next Due Date: February 1, 2012

I have a detailed budget in an excel spreadsheet and also have started tracking my spending. In November, I began extreme couponing with the assistance of a good friend. As of yesterday, this is my spending at CVS for 2012:

Total Value Total Spent Total Saving
$310.89 $92.64 $218.25

Sale Savings $96.74
Coupon Savings $113.50

Thus far, I have about a six month supply (if not more) of personal hygiene products, cleaning supplies, paper goods and many groceries. I hope that by combining my coupon clipping practices and my discipline in budgeting/spending, I will accomplish my debt payoff faster. I also have intentions of picking up extra work such as teaching night school this coming semester and I generally always teach summer school.