Goodbye Car Loan Interest

Our new credit union had no problem refinancing our car loan for us. Our interest rate is going from 13.59% to 5.49%. Our payments go from $316 down to $119 a month. So if I try to keep paying about $300 a month the car will be paid off in no time. I gave them all the info to refinance the truck as well. It qualifies for 5.49% interest too, and right now it's loan through Bank of America is 9.39%. Honestly, I wouldn't care if the interests was the same if I could stop giving money to Bank of America. I hate those bastards. The other thing that helps is that our first car payment with the new loan isn't due until May 5th. That's a month off from the car payment. And if they approve the truck that would be a month off from both payments. That would give us a chance to get caught back up. Then once I know about the truck I will call the credit union's free credit counseling service and possibly consolidate our credit cards.

I'll get you if it's the last thing I do Debt!!!!

Everything's Coming Up Aces!

The bank called today to tell us that our car loan is approved. I haven't found out what the interest rate will be but it will definitely be less than our current 13%. So that will help us pay that off faster. We have to go in next week and sign the papers and I'll find out what the interest rate is then. When I go close our US Bank account I'm telling them it's because they wouldn't refinance our car. Bureaucratic nonsense.

Then Krystal called Fred Meyer to find out why we weren't getting our reward points and to make a long story short, they screwed something up and they are sending us the back points they owe us plus our current points. So we are expecting a coupon in the mail for $54 dollars at Fred Meyer.

And I'm getting paid from a couple of jobs this weekend.

And my old iPhone is up to $160 on eBay.

ACES!

The Clock is Ticking

We have set a goal: We have two years to sell all our junk and get out of debt. Here are the Stats:

Debt:
Grand Total: $77,196.02
Credit Cards: 7 = $13,397.16
Financed Cars: 2 = $23,815.10
Student Loan: 1 = $39,983.76

Junk to sell:
Playstation 3 (SOLD!)
Wii (SOLD!)
Wii Fit (SOLD!)
iPhone (on Ebay)
Tons of DVD's
27" TV
Tivo


Our car is hopefully going to get refinanced through our new Credit Union. We were approved from the application, then I had to send over our last two tax returns so they can verify my income since I'm self employed. As long as that checks out we're in. And the Credit Union offers a free credit counseling service. So I'm getting all our info ready to do that.

In two years we need to be out of debt and able to do a little traveling with my family. Instead of working 7 days a week in order to just barely pay the bills. This world we live in where nobody actually owns the stuff in their house is crazy. Before we had a kid I had the attitude that we wouldn't have kids and that we should just spend our money and have fun. But now that we have Elliott I find that whole mentality crazy. What good is all this stuff doing me? All I need is my family and to have some actual time to spend with them. We'll get there.