2019 was supposed to be the year that we got completely out of debt. We had some expensive personal catastrophe’s hit us over the last 4 years and we ended up with a lot of credit card debt and a good sized home equity line.
However, our 1st mortgage payoff is $2,500 and our SUV is $3,500. We plan to pay off the house this month and start throwing $1,500/ mo. Into the SUV payment until I think October. That will free up $1,500/mo. Extra to pay off credit cards and then $2,000/mo. extra to pay off the home equity line. We will get everything paid off by 2022 if the cars (and our desire for a new one) can hold out. We also have repairs that need made along the way.
What has been everyone’s experience? Is it really hard to keep yourself from the new found funds? I’m thinking we will keep sailing and let the snowball work for us.