Hello beautiful people! It has been a while since I last updated (although I am mostly active on my instagram account, @DebtFreePanda.)
Currently, I am working on my Amex card (again) and will have my CitiBank card paid off in October. Why yes, October! After my amex is paid off (June 2nd, to be exact) I will begin to start dumping most of my money into savings so I can have a down payment on my car. I know...a car payment. As much as I wish I can buy a car in cash, I simply cannot. My younger brother will be driving to school, and with differing schedules I will need to pass down my car.
The plan I have is to get a $10k car. $4500 down and finance the rest. I am going to buy used from a private seller, beat the taxes, fees, and ridiculously overpriced dealerships and get a loan through my bank for around 6k or less. THEN...I will be able to pay off that loan by the end of 2017. :) That's the plan!
Have no credit cards, no car payment, coming into 2018.
I think this is a great plan for my situation. And I know a lot of Dave Ramsey fans will be disappointed, but we all need to make this plan work for us individually.
When 2018 rolls around, I will be completely debt free by August 2018..before I even turn 24.
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