I just realized if I pay down $7000 this year, my net worth will finally be in the positive!!!!  GOALS!!

Let's do this!

~pixel - line 111

My goal is to pay down $11,753.69 total debt, not including mortgage.  There's $4200 on a car loan and the rest is on three credit cards.  My goal is to have it all paid by 2020!  I've made progress since I've been on YNAB (about three months) but I'm glad to have this forum to keep me motivated and on track.

Question: when inputting how much debt you paid off do you only count principle? Should I enter the principle amount paid on the spreadsheet or the total paid including interest?

Not really debt smack down, but the fruits of last years work. 

So I was doing my monthly check of my credit scores this morning, got a very pleasant surprise. The three scores jumped anywhere from 53 - 79 points last month. I keep this up and I bet that I will be in the mid 600's by the end of the year, if not higher. 

So happy this is a collective thing! I'd like to pay off my total debt in 3 years. So in 2019 my goal is to pay  $4,253 give or take (total debt $12,760.48 divided by 3 years). Paid off my student loans a few years ago so this is straight up consumer debt! Claimed line #131 :)

Question for all you fine people - for the budget aspect, I have set up auto payments to pay my debt each paycheck, and when i mark the transfer from my main account to the credit card or loan, it reflects in the accounts BUT NOT my overall 'To Be Budgeted'. I have categories but because the transaction is a transfer, it won't let me pick a category. Does anyone know how to fix this?

Feeling proud today! I scheduled my $203.10 payment to my smallest debt on 1/3 and I stuck with doing that. It was deducted from my checking account today. I now have $230.10 less debt on my smallest balance debt! That includes the $27 minimum monthly payment. That will bring my balance to $460.18. On the 21st I'll accrue about $16 in interest bringing the balance up to about $476. I will make another payment on 2/1 (payday) for half of whatever the current balance is on that day, which should be about $238 ($27 minimum monthly payment plus $211 additional payment). In March I will pay it off in full! I want to get this bill paid off on my March payday (3/3). This is my last joint bill with my ex-husband. We will have been divorced almost 3 years! I have been carrying around this less than $800 debt for all that time. It will feel so good to have it paid off. I will close the account once it's paid off. It is my last tie to him and I'll be glad to have it gone. I'm so proud that I didn't touch that $203.10 in the last 12 days since I scheduled the payment. I could have cancelled the scheduled payment and spent it but I didn't. Yay me! #YNABwin 

Not exactly debt related! But I was freaking out because my car insurance and umbrella policy both went up >_< (what, my cars are older and I'm a better driver now, so that's a bit rude). I called the company my homeowner's policy is with, and originally it seemed like it was gonna be more expensive (but better coverage), and they took $266 off my homeowner's policy. So now I'm gonna save $194 this year! Much better toward debt!

My first time on the forum! I claimed line 51. I have $87,977 in student loans, personal loans, and credit cards (EEK). I'm using undebt.it (thanks for all the tips!) and my goal is to pay off all debt by December 2022 using the snowball method. My 2019 goal is to pay off $17,507.

so sad right now, had a trip to A&E with my son and (he's doing good now) but the bill was more than I have available in my medical category. Good part is that we will get refunded a portion by the insurance company after the process the claim. At the beginning of the year we have to pay out of pocket till we reach the deductible so that charge has to go on the credit card. One of my goals this year is to pay off the cc balance every month so now it's time to go steal from some other categories to make up the difference. and hopefully get enough back to refund my categories.

I am going to pay down my Best Buy card currently at 1100 and my debt consolidation loan currently at about 14000 this year. This year is THE YEAR OF THE MONEY. I am working two jobs to make this work. I just paid off my car loan and my American Eagle Visa. After my debt is gone, I will start working on my husband's about 29000 yikes! 

I got paid today, and although my paycheck was a bit short (I'm on short term disability right now for some health issues), I was able to allocate enough to eliminate the credit card float on my highest-rate card! I was really worried I wouldn't be able to make the full payment.

A huge worry about the credit card float that no one talks about is that when you're trying to get out of it, it is a huge struggle. A part of what makes the float work through YNAB is continuous spending on the card. If you're spending budgeted money on the card, you're going to still have enough for your payment, and if you want it to be enough for your last statement balance, you need to spend at least that much again. Well, everyone knows that YNAB is a big motivator to stop buying things you don't need. So spending $486 this month at Target in budgeted funds was just not going to happen. So I've got enough for the full statement balance, and enough to cover all my recent purchases. No float at all!

One down, two to go! The next one is easy, it's only $229, but after that, we're focusing on the big card we use everyday, so about $5400 of floating. So far, I've got $572 scheduled for next month's payment outside of purchases we've already made.

Payday today took care of the rest of January's debt payments so that's great.  I also paid off our May cruise this pay so now any extra money that was going to the cruise payment can be funneled into some sinking funds and a buffer!

We had $1500 budgeted toward a repair for our ceiling from a leak. Just got our estimate and the repair is $800, so I moved $320 toward debt, $180 toward an overspent category on a credit card, and $130 toward a new light fixture for the playroom cause the old one is horrible and doesn’t seem safe sometimes. That leaves $870 for the ceiling in case it runs over a little bit. Whew! The new credit card payments and such won’t be reflected until I actually make them in February. I need to break this habit, but I don’t like to pay early; I’d rather let my money earn interest until the payment is due. 

I paid $1439.45 this month which is good for me but not amazing. I'm hoping my full-time job gets a little less busy so I can do more freelance work on the side. Also, I'm not including interest, because math....

January check-in:

$3154 toward student loans this month. I have a vacation savings account that I took a chunk from  ($400 + $150 from my eyeglasses sinking fund)  to throw at this debt and am glad I did.  This month put me under the 10K mark. I cannot believe it! I am so motivated to pay these suckers off. Student loans are getting TKO'd in 2019! 🥊