Tuesday, May 21, 2013

Eye Candy

Goal for the week and memorial day weekend is to make something purty.  Something purty that represents our debt payoff!

I love the visual aid that Nurse Frugal made for their mortgage payoff and think we need something similar.  Basically they have a picture that is covered-up by multiple black pieces.  These pieces represent a certain amount of money, so every time they payoff an amount equal to that they remove the piece and underneath is a pretty picture.  

There are all kinds of ways to track progress towards debt:
  • A simple list where you cross off debts owed
  • A thermometer type graph where you color in amounts till the total is paid off
  • Construction paper chain, where every link equals a dollar amount
  • A calendar of your payoff amounts and the final payoff date 
I really like the covered picture idea that Nurse Frugal uses.  Maybe we will put a picture of a future vacation that we want to take...Machu Picchu?



As you know, we have a lot of debt, and it's very overwhelming, and not possible to pay it all off with our middle class income.  The real payoff time will come when I am done with residency and making a physician salary.  So for now we are concentrating on our credit card debt and getting that paid off ASAP. 

Total Credit Card Debt as of 5/21/13 $8613.17.  The visual aid will represent our credit card debt.

Eye candy to come...stay posted!


1 comment:

  1. Thanks for the shoutout! Good luck with making your visual aid!!

    ReplyDelete