Everyone I know is waiting for their Economic Impact Payment, aka their stimulus check that the government is providing thanks to the nearly unprecedented impact of COVID-19 on our national and global economy.
I check my account every day for any sign of that $1,200.
I know that I tend to love to splurge and shop for things that I may or may not need.
Let’s be honest there is a lot of stuff in my closet that I won’t wear or even take the tags off of until the next time that I pack for London. I cannot wait for the day that I can safely get on a plane to London for another few weeks of fun!
My friends know that there were seven, yes, you read that correctly, SEVEN years of planning that went into my first trip to London. In the 23 months since I returned from my trip, I have gone over both my original notes, the things that I wrote in my memory book, and a lot of tips and tricks that I have picked up in further research…and I am fine tuning the plan for the next trip.
But…, in order to be able to get to the next trip, there is one massive hurdle I need to clear. MONEY! Now, I hope to turn a couple of online projects into consistent income streams…but, while I work on that I am counting on the small check that I get from the Social Security Administration each month.
Right now I have two debts that are on payment agreements and are in what I call “set and forget” mode. That means I have one card left to pay off, but since I’ve only been paying the minimum for the last few years, the current balance is nearly twice the card’s limit.
So that brings me to my plan for my Stimulus Check, I am using about $100 to pick up some things that I need from some local small businesses and the rest of it, about $1,100, is getting tossed on that credit card, trying to get the overlimit amount down. I am also still making my regular monthly payment so that when the stimulus check comes that part that goes on my credit card can ALL go to principal and the interest for the month will have already been covered.
This should dramatically lower my monthly payments on the card, BUT I intend to pay about $200/month starting in June and with a little luck, a few gifts, and successful cashouts from a few of the apps I have been playing I should have the card paid off in at most 2 years. I am hopeful to be back in London in 2021 but, I know that I WILL walk down those streets again and I am focused like a diamond cutting laser on getting there and NOTHING and NO ONE short of pandemics and travel bans are gonna stop me.
Now, if you’ll excuse me I’m headed to the safe to check the expiration date on my passport. That’s $200 I’ll happily spend rather than toss at debt.
Delta, if you are somehow reading this, please save me a wheelchair storage spot ONBOARD the aircraft, I’ll take a seat near the bathroom in the rear of the plane, I’m not that bothered…