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CC Roller Coaster

June 26th, 2008 at 12:09 pm

I ran an account balance history on one of the cards from my debt reduction tracker (Card 3) and it was pretty ridiculous to say the least. Take a look at this:

Opening balance on 7/1/07: $6866.01

Now each one of these is a net monthly total.

Jul 07: Spent $4092.28 ($10958.29)
Aug 07: Spent $2852.46 ($13810.75)
Sep 07: Spent $3489.31 ($17300.06)
Oct 07: Spent $3155.43 ($20455.49)
Nov 07: Spent $3401.77 ($23857.26)
Dec 07: Spent $3278.19 ($27135.45)
Jan 08: PAID $16188.60 ($10946.85)
Feb 08: Spent $2414.57 ($13361.42)
Mar 08: Spent $10725.13 ($24086.55)
Apr 08: Spent $2326.34 ($26412.89)
May 08: PAID $5707.52 ($20705.37)
Jun 08: PAID $3436.24 ($17269.13)

So out of the last 12 months I had 3 where I actually paid off more than I spent. The biggest key for me is that 2 of those 3 are the last 2 months. It's painful to see that Jan 08 balance (I had it!) but that's what I call a serious case of live and learn. I averaged spending just under $4k/month in the 9 months I spent. Sheesh!

Posted in I-78's Informative Additions | 2 Comments »

2 Responses to “CC Roller Coaster”

  1. sillyoleme Says:
    June 26th, 2008 at 03:31 pm 1214494271
    1214494271

    I feel your pain. At one time I had a balance transfer to combine my three cards to one. Then a few months later I had balances on all three again. It's frustrating... but at least you are on a great track now!

  2. I-78 Commute Says:
    July 2nd, 2008 at 01:48 pm 1215006520
    1215006520

    I know silly! It's nuts the way it all adds up. I'm just glad I have a plan!

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