Train DerailedI’m in one of those zones of funk where clearing my debts is within sight, but for some reason, after month after month of progress, it suddenly doesn’t feel like I’m getting any closer.

In distance running terms, I’ve hit the wall.

But, hey, I know what the problem is. That’s a start, right?

The additional money I’ve thrown towards the mortgage while trying to get the PMI eliminated has most definitely derailed my plans. Without a doubt. I know that.

So far, I’ve paid down my mortgage an additional $3k more than I thought I had to. And half of that was put on a credit card. That type of maneuver will derail any payment plan…

It was back on October 31, 2007 that I kicked off my first and only debt snowball plan. Through the Happy Rock, I stumbled upon a great debt repayment calculator and it got me excited to make an attempt at a more structured plan than what I’d done in the past.

Looking at my “schedule“, my last non-mortgage debt was to be paid off in October of this year. Having the numbers right there in front of me made it look so easy.

While I didn’t exactly stick to this payment plan all the way through, I was often times over a month ahead of myself. That felt great. My debts were falling by over $2000 per month. Then I hit the wall.

The good news is that it still appears that I’m ahead of schedule. Basically, without asking you to actually look at the chart, I’m supposed to have a balance of $3535 right now. My actual balance on those accounts is $2547. Just the auto loan.

I’m ahead by $1000. Not as great as I’d hoped, but not bad.

Of course, that’s pretending that the new credit card balance doesn’t exist… which means that I’m actually $500 behind.

Oh yeah, and I just booked $772 worth of airline tickets. Make that $1272 behind.

See what I mean?

I’ve hit the wall.

I’m out of gas.

I dropped the baton.

My train has derailed.

Use whichever disaster analogy you are most comfortable with.


  1. Keep the faith! You’re SO close!!!

    (but I know what ya mean… I get those “depressing,” “want to file bankruptcy,” “why the hell did I go on that weekend trip,” “stripping for extra money is sounding good” days too! your site keeps me going – believe me – you’re very inspiring – so atleast you have that!)

  2. You have more than one reader. Being so close, I would really just forget the past, create a new plan and and then attack without letting anything distract you until its gone. I presonally think being debt free besides the mortgage is worth the effort. With the progress you can make with the cash flow you run, it won’t even take that much focus. Keep trucking. Tap into the reasons and the dreams that being debt free brings you and use that as motivation.

    Cheers Brainy!

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