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Is that the finish line up ahead?

December 5th, 2008 at 11:11 am

A few days I posted that my wife was going to call the hospital and just put the balance on the credit card. The hosipital told my wife it would take a couple of days for the charge to go through.

Before we charged the amount I knew 2 things would go through our minds– a) we have charged more then we currently have saved (I am currently about $1,800 short) b) we have $10,600 sitting in a bank account that's will soon be gone.

The little bit of fear was just our subconscious self saying "are you sure you want to do this?" In other words, a gut check. So I took my wife aside, we looked at each other and asked "do we really want to do this?"

Well, the charge hit today. $12,398.26!!! Wow!!! I have a little anxiety over this, but I know that this should be paid off with my pay check on 12/19. Until then, I got a big charge out there and am $1,800 short.

At this point my emotions are out weighing my logic, slightly. I am using this to intensify my focus on the budget and get this last debt paid off.

Much like the end of a marathon, I can see the finish line and I got nothing left. This journey has been both draining and joyous; but at this point, I am not concentrating on that. All I hear is the man in the mirror. "Let's go!!! One foot in front of the other!!! FOCUS ON THE TASK AT HAND!!!"

And that's what I am doing. Blinders on.

8 Responses to “Is that the finish line up ahead?”

  1. lartiga Says:

    I know you're paying off the medical to get the tax write off... I'm curious, did your accountant calculate how much this will mean in saved taxes? Will it result in getting back more of your withholdings or in just less taxes that you have to pay?

    Maybe that $1800 shortage will come back to you in the form of a tax refund that might also give you extra $$ for your savings.

    BTW, kudos on your debt payoff... it is utterly amazing.

  2. merch Says:

    It will translate into a lower AGI which should be in the form of a refund.

    I could look at as a shortage coming back to me. But unfortuantely this debt will end with 2008 Smile
    And thanks for the encouragement

  3. Broken Arrow Says:

    Yikes. That's a scary large number to me. Well, I'm glad that you are going to be able to get rid of it.

  4. merch Says:

    Big indeed ... like a car fund Wink
    Well, I've been saving for this day since August.

  5. CouponAddict Says:

    Does your card have cash rewards? Maybe the charge is large enough to take a chunk of the difference away.

  6. Petunia Says:

    We'll be cheering you on as you cross the finish line. You've done great work this year, you're almost there!

  7. Apprentice Fun-Frugalist Says:

    Keep the faith !! I know it sounds boring & uninspiring, but it really is about just keeping one leg moving in front of the other.... Keeping the marathon comparison going, I think it's helpful to try to divert your mind onto things that give your pleasure - to get some respite from the drudgery at hand :-)

    Your debt pay-off has been amazing !! Congrats !!

  8. Aleta Says:

    The other side of the coin is that you are (I'm assuming the money is in a savings vehicle) earning interest which also affects your AGI. By shifting money away from your savings and paying off a debt that could save you money in taxes is a big deal. I think you made the right choice. It's always a scary thought to do something that we didn't plan on doing.

    You're doing great and an inspiration to many of us.

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