the last post was long and windy and boring and took me like an hour to write BUT I AM HAPPY
when i first started this, i had lots of debt. (i still do, but…)
capitalone:
… limit: $750
… had: $756.03
… have now: $543.68
… change: $212.35
chase:
… limit: $700
… had: $684.76
… have now: $630.11
… change: $54.65
walmart:
… limit: $400
… had: $353.32
… have now: $278.32
… change: $75.00
discover:
… limit: $300
… had: $261.60
… have now: $118.69
… change: $142.91
kohls:
… limit: $400
… had: $376.02
… have now: $340.35
… change: $35.67
macys: $0/$600
jcpenny: $0/$150
ae: $0/$160
Add all those “Change”s together? $520.58 Yes, when I started this, I had a balance of $2431.73. That was February 23rd. Now, just TWO months later, I am down to $1911.15. I have paid off $500 of my debt..
So really, if I stayed at this (which I know I can’t, sadly as I’ll not be getting as many hours) I could pay my debt off in 8 months. That’s before the end of this year. Yeah, I could potentially be debt free by Christmas. What a Christmas present that would be. :-)
Now, there are a few things to take into account here. Interest is one of those things. As I wittle away, the interest continues to pile up. That’s why, even though I’ve made some decent payments towards Chase, it’s only dropped 50 bucks. I’ve probably lost a good 20-30 to interest. Boo.
But still, it’s working. As as I take more and more off, less and less for them to take interest on, eh? In the next two weeks, according to The Plan, I’ll knock off another $175. Another two weeks, another $175. Another two weeks, another $125. So in just over a month, I should be down to about $1450. What percent would that be? Why, it would be 42%. ;) In the next month, knock off… $300? One hundred a week would be doable I think… $1150. 33%. That’s livable. Three months from now, so by the beginning of August, I want to be at $1000 in debt.
Can I do it? We’ll have to see. I’ll keep my loyal readers (are there any?) up to date :)