I am not one who normally saves extra income… If I make an extra $50 or so here or there, I’m the first person to go out and spend it in one go. Why shouldn’t I? I worked hard, I should have rewards.
It’s hard to change my mindset. This past check, I managed to sign up for over 20 hours in overtime. That was a sizable addition to my regular paycheck size… Nearly $700 more!!! What to do…. What to do…..
Spoiler: I put nearly all of that money towards my Discover credit card! Instead of paying that thing off by early next year, I might be one credit card payment down by the first of December! It feels scary to put nearly $900 (remember, that’s the extra $700 plus my debt snowball from my private loan) towards a payment… It’s like I’m throwing money into a black hole. But in the long run, I have to imagine how great it will feel to not rely on credit cards for every single aspect of my life.
Once the Discover hurdle is done, it’s time to begin the next step in this challenge: a $14,000 Chase credit card balance that is teetering on late payments…..
One step at a time!
What do you guys do with extra income?