Earlier this month I charged almost the rest of the balance of our high interest debt off. This month I charged a total of $9.766.39 to my credit cards to pay off our debt. I left a little bit on for next payment so they take the full amount with the interest to have the exact amount taken to be paid off. I cash flowed $2,987.00 and raided my emergency fund to pay off the other $6,779.39. The emergency fund raid took savings down to just over 2 months of expenses. However, it will be back to just under 5 months after June is done. Of course my emergency will also cover more now that my required expenses will be dropping since this debt will be gone. I still have some personal loan debt from family that I need to pay off but that won't be a big issue and I can make a steady monthly payment to that now. It feels so good to know that come June 1 that high interest debt will done with and I can start back on my path toward financial independence. My savings rate will hopefully be staying right around what I've averaged so far this year, 73.53%, but the majority of that will go towards investing. June will be an awesome month since the high interest debt will come off and of course my marriage coming up on June 24th. Plus I'm looking forward to my bachelor party in Vegas. So many exciting things are on their way.
And the best part about charging it on my credit card and paying it off in full is that I get to take advantage of my cash back and mileage programs on the two cards I used. I was able to get 1.10% cash back and an extra 6,779 miles. All in all it feels great to get this just about done with.