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Happy day...

April 20th, 2005 at 10:11 am

I can't tell you how happy I am that tax day is behind me. The taxes were hanging over my head for months, and it feels so great to have them out of the house. (The timing of hubby's bonus helped, too). So I've been feeling good for the last few days!

I'm anxiously waiting for the month to end, because I'm expecting to have enough leftover to put a big chunk of change toward my heloc. The balance is around $35k, and the rate, which is prime-1/2, was great when the prime rate was 3%, but not so great now that it's 5.75!!. Even though it's deductible, it's getting up there. My goal is to have it paid off by next June. If I'm seeing things right, I should be able to put about $4,000 toward it this month (between the rest of the bonus and leftovers in the checking account), and I'm getting back about $2000 from my NY State taxes, that will go toward it as soon as I get it. I'll do a big celebration when it gets under $30k! I don't mind that we took out the loan, because we used it to make a major improvement on the house, but like most people, I don't like being in debt and I really want it gone. I also have the car loan (currently ~$17k) that needs to get paid off, too. But that's a fixed loan at 4.24%, which is pretty good, so I'm trying to tackle the heloc first.

I've pretty much run through the rest of the categories of my budget (commuting, subscriptions, haircuts). I haven't been creative enough to think of any great ways to reduce these, so I think I'm going to sit tight for the month of May/June, let the changes I've recently made take hold, and re-evaluate where I am at that point.

Have a great day!!!

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