Our Debts and Expected Payoff Dates

It's a visual incentive to me to have a payoff date set for each individual debt that we have. To have that debt paid off before the expected date means we worked hard on reducing that time. As of right now, these are the expected payoff dates for each of our debts.

   Debt                              Expected Payoff Date
HBC Card                         June 1, 2011
MBNA Card                     July 31, 2012
Personal Loan                    November 30, 2013
Capital One Card              November 30, 2012
Auto Loan                         September 10, 2011
Tax Owing                         July 30, 2011
Biz HST                             July 1, 2011
Dental Bill                          June 30, 2011
Overdraft 2                        April 30, 2011


My expectation is that there will be one new debt added to the list sometime in June. That will be for my tax bill for 2010. I have no money set aside for this, but I presume it will be in the neighborhood of the same amount. Anything less than that I will be most happy with.

Each snowflake that I can add to debt reduction will reduce the number of months we have this debt. If I can throw an extra $200 on my debt, that will bring our Debt Free Day from November 30, 2013 to October 30, 2013.

Keeping in mind that our Long Term Saving and Planned Spending financial goals add up to $27,850, it's going to be a tight year again.  But we will get through it. All of it. We need to stay focused and determined to get out of debt once and for all!

P.S. I added a new page with these dates in the order that they will be paid off so that I can have a visual of how I am doing. If I make an extra payment that will reduce the amount of time until payoff day, I will add the new date in red.