I got two checks in the mail today. The first was a $50 rebate for a new laptop that I bought in January. The second was an unexpected check for $39.12 from DD's coach (a refund for an overpayment).
The first thing I thought was, "I should put these toward the HELOC!". Then I tried to talk myself out of it. Technically, the check for the laptop should really be deposited in the bank under my "Other" category, because that's where I paid it out of. And the check from the coach should really go into the kids' "extracurricular" category, because I'm going to have to pay fees in a few months for the spring season.
But then the bug took hold of me. The laptop is already paid for, done deal, last month. So why bother putting the cash there when I can pay down the HELOC? And I've already budgeted for DD's fees in April. Why put this check toward that when I can put it toward my debt?
I face the same issue with my half .com deposits. Usually I subtract the amount that I pay for shipping from the total they give me, and only put that toward the HELOC. But the shipping costs have already been paid, usually the previous month due to the timing issues with the payments. Why not put the whole amount in?
This is a whole new way of thinking for me. Last year, I would've cashed the checks and gone out for drinks with the ladies 
. At best, I would've just deposited it back in the bank. Actually doing something productive with it like paying down debt is unheard of for me. I'm hooked!
Paying off the HELOC is addicting!
February 11th, 2011 at 02:51 am
February 11th, 2011 at 03:59 am 1297396790
February 11th, 2011 at 03:57 pm 1297439824
February 12th, 2011 at 02:35 am 1297478130
February 13th, 2011 at 02:56 am 1297565772