Well, I've gotten paid from a new client and used part of the money to pay off a store credit card (at 0% interest) that I had opened to pay for a new mattress and box spring 18 months ago. I love my bed -- it's a tempurpedic and it really is restorative to sleep on (my dog and cat think so, too!).
I now have four debts, but they're all doozies. A big fat credit card (just under $9,000), a home equity loan, a mortgage and monster student loans (which I'm ignoring as long as possible -- I can keep it in deferment for a few more years).
So now that my "small" debts are gone, it will be a while before I can say that I have paid something off. This is slightly discouraging, because I really enjoy the payoff feeling. I have to learn how to be joyful at seeing my other balances get slowly chipped down.
So using a slightly modified Dave Ramsey targeted debt payoff plan, I'm rolling some of my bed payment into the remaining credit card (5.9%) and some of it into an online savings account (3.5% interest). Because my pay is sporadic (self-employed), I really don't want to put all my disposable income into debt payoff, because then I might wind up using my credit card if I'm in a tight spot.
Hearing all the scary economic news, I feel a little bit better knowing that I am sleeping on a bed that is mine, free and clear.
