So I have been sitting here trying to think about what the fastest way of paying off this debt will. The most obvious way is spend less than I make. I feel like there is a fire under me now, so I want to get this done as soon as possible, thus I started looking for side incomes to supplement my income.
The most important short term goal is to pay off my Amex, and with the balance of just over $2,000 then follow that up with paying off the VISA, which sits at $4400. It shouldn’t be that hard. The problem I have is that I use my Amex for all my pre-auth bills to collect Airmiles. I think I going to have to stop doing that and pay my bills through my chequing account. The option is paying the credit card as soon as the charges appear on it, but I sometimes forget.
The good news is that I wrote a guest blog post and I am expecting the cheque for that soon. Its for a $100.00 so that will go towards this too.
I have a few variable expenses coming too, like business cards and I want a new padfolio which I hadn’t really budgeted for, but I am trying to rework some things to fit those in. Its funny how quickly money gets spent, even when it is being monitored closely.