It's official! We've set the date. "What date?" you ask. The date we are GOING to be out of credit card debt by! I'd love to say we'll be completely out of debt, but our focus has really been on our looming credit card debt (since the interest rates are high) and we haven't really focused on our car loan.... yet! We'll get there. For sure. But with an interest rate under 1%, we're not too worried about that one just yet.
We started with about $40K on our credit cards and if all of my budgeting is correct and if we stay the course, we'll be completely out of credit card debt by December 2012! There are a some assumptions in here (that our bills don't increase significantly, that we both maintain our current incomes, and a few others) but I did build a slight buffer in there and I truly believe that we will be celebrating that New Year's Eve in style! (And by "in style" I don't mean in an expensive fashion, I just mean popping a bottle of $4 Andre champagne and toasting how great it feels to be out of debt! Then in 2013, we'll tackle that damn car loan and bulking up our savings for a future home! Ahhhh, I love having goals to work towards.