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An extra $20 on the remaining balance

June 12th, 2009 at 05:07 am

What does an extra $20 do for me on a $12,190 balance? It makes the balance go to $12,170. Smile

There are a lot of people out there that would say that putting $20 on this last card is a waste of time. Well anytime a credit card balance's interest is calculated on the average daily balance ANYTHING you put towards your credit card debt is no waste of time at all!

So to update:

Debt Tracker (06/12/09)
Card 1: $12170.26 (8.99)

Take that credit card debt!

Posted in Watch our debt go to zero! | 5 Comments »

5 Responses to “An extra $20 on the remaining balance”

  1. shiela Says:
    June 12th, 2009 at 05:19 am

    Every bit counts, good for you.

  2. I-78 Commute Says:
    June 12th, 2009 at 05:31 am

    You got that right shiela! $105,163 paid off in 13 months and 13 days....good thing I'm not as superstitious! Smile

  3. creditcardfree Says:
    June 12th, 2009 at 06:33 am

    Yep, anything to reduce the interest is always a good idea!! It works on any size balance.

  4. ceejay74 Says:
    June 12th, 2009 at 07:24 am

    Great job! I just started snowflaking again, after months of paying the minimum. Feels good!

  5. Ima saver Says:
    June 12th, 2009 at 09:53 am

    Little things add up!

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