We got paid today, so my goal bars and NCN Network chart have been updated. With today's payment to my line of credit, I've passed 70% of my 2007 goal for revolving debt reduction. That's good on the one hand, because it represents a nearly $4,000 decrease. However, since there's only one payday left in December, it also means that, barring a Festivus miracle, I'm not going to meet my goal of $22,000 in revolving debt by the end of the year.
It's a little disappointing to know I'm going to fall short of this goal, but this is actually part of the reason I first started setting short-term goals. I wanted to make sure that I stayed motivated even if I didn't hit every one of my targets, essentially getting myself out of an all-or-nothing mindset.
When I look at how far I've come since I started this blog, it's hard to get too discouraged. Yes, it would be nice to have knocked off another $1,300 in debt, but I have to look at what I have accomplished. My goals for 2008 will need to be a little more realistic.