Today I shifted my debt elimination project into the next gear.
[I need to be debt free by the time I enter the Peace Corps.]
First, I woke up and cut-up my credit card. I still have some lingering debt associated with it (left over from the trip to China). I must not add any more liability to it!
Second, before leaving for work this morning, I took a picture of my motorcycle. When I got to work, I used the picture to create a quick electronic posting in our company classifieds listing my motorcycle for sale. I will be sad to see it go.
This is how I have convinced myself to sell it:
- I could use the money to greatly reduce my debt.
- I can save money on reduced insurance costs.
- I don't feel that it makes sense to store it for two years -- especially because I am not sure what I will be doing when I complete my service with the Peace Corps.
- I can always buy a cheaper bike if I need one; when I get back.
If you know anyone looking for a nice sport bike, send 'em my way.