I mentioned a couple of posts ago my plan to accelerate my debt reduction. I am happy to report that I did indeed pay off that one card with a check written out for $945. THAT felt fantastic. I also went ahead and paid the remaining $63 on another card so it’s down to just the two, totaling about $5400.
I did not, however, make good on my pledge to replenish my E-fund with some of the stimulus money. I spent quite a bit on food/spa treatments in Vegas and getting my hair done yesterday. I’m fine with these decisions and it felt good just to splurge a little for a change. Although it wasn’t the original plan, I am content knowing I didn’t go into any debt to do it.
So now the E-fund is down to about $350. Not great but not a disaster, either. I’ve decided to up my biweekly ING transfers to $200 (from $100). I will stockpile the money there so it’s accessible in case of an emergency but then drain it down to $500 periodically to make accelerated payments on the cards.