Friday, February 14, 2014

Bye Bye Bank of America Visa!

Thanks to a sore shoulder from our accident in December, I received a settlement from the other guy's insurance company. We were able to pay off our Bank of America Visa with it - two months ahead of schedule!  Aaron and I are SO excited!  The first few debts we paid off were rather small. I think QVC was around $40, Old Navy was around $80 and our dentist bill was just over $200. We were able to knock those out fairly quickly but we had to really work at the BoA bill. It was over $3,100 when we began our debt snowball!  Having that first big one gone feels good!  We had it paid down about 1/3 to $2034 when I got the settlement, which wasn't much more than that amount. 

There was no question on what to do with the money. Jake (my oldest son) asked me what I would have done with that money had I not been following Dave Ramsey's plan. I told him I'd probably buy the materials needed to reroof our house and finish fencing in our backyard. The rest, I'd spend at Hobby Lobby, of course. ;)

We don't really need a new roof - I just don't like the roof we have. (I know....vanity, vanity!) Half of my little ranch-style house is shingled. The front half has a red rolled fiberglass roofing product that is downright ugly. Yes, you understood correctly....only half of the roof is covered in the red. It's terrible. Seriously. I asked Aaron if we could just take off the red stuff so the whole thing was shingled. He explained that we can't do that because it is screwed down and if we take it off, those holes will leak. Since the roof doesn't currently leak, it is not high on Aaron's priority list to re-do. I will have to wait . . . unless it starts leaking.

Seriously, it's kind of funny to think how differently I feel about money and how my thought process has changed. Whenever I come into money, my first thought is to put it on debt. Whenever I get an unexpected bill, my first thought is Oh no!  This will slow down my debt snowball! 

Who am I and where did the old me go? :)

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