I'll pick this up from the last blog post. We currently have $2681 left from today's paycheck and we've paid $319 of it to debt thus far with a minimum payment on Card 1. Before I get started I'm going to set aside an additional $300 for the weekly cash reserve (in case we use the whole $300 this week. I want to make sure next week's cash is there!) So let's do that first:

Balance: $2681
Week $$: $300
Remains: $2381

So let's attack. First thing I'm going to do is knock off a couple of the wife's cards that are due 3/21 and 3/22 by paying the minimums. Remember we're working on my credit first by getting my util down so her cards can take minimum payments for now (all her FICO scores are in the 690's...while mine are a bit lower in the 660's with one in the 630's.) This is also good because I don't have to use the next paycheck to pay them. One is for $152 and the other is for $120. So let's knock them off.

Balance: $2381
Wife CC: $272
Remains: $2109

Now that all the minimums that had to be paid were paid...we can look at knocking some debt out of the park. Starting with (here you go Mr. Ramsey) 2 cards that have balances below $500 (Card 14 and Card 15 on the chart.) They are the cards with the two lowest balances and they are about to be eliminated.

Balance: $2109
The low: $551
Remains: $1558

Card 14 was one of those two due 3/18 I mentioned in the last blog post. Now for the other one! It happens to be the highest rate card that shows up on my credit reports. Card 9. I'd like to leave a cash cushion in my totals just in case of emergency so I think a $1200 payment to Card 9 would be fine and cut a nice chunk out of its ugly number. Let's do that now.

Balance: $1558
Card 9!: $1200
Remains: $358

So that leaves us $358 plus the cash reserves of $600 until next payday. When I pay the mortgage ($2500) then I will have $1000 left over plus whatever I have now to make min payments on whatever cards are due (and pay the cable bill due the 29th) and then the following paycheck attack the debt again just like I did this time. Now that was fun!

The matrix updated:
Card/Balance/Limit/APR

Card 1/$12097/$20000/14.23
Card 2/$15215/$31000/12.24
Card 3/$8135/$12500/12.24
Card 4/$6211/$9000/18.24
Card 5/$6214/$9000/18.24
Card 6/$6143/$8000/0.00*
Card 7/$5903/$10000/4.99**
Card 8/$3821/$10000/0.00***
Card 9/$2471/$7250/17.24
Card 10/$3464/$4400/16.99
Card 11/$2882/$3900/13.99
Card 12/$2100/$2500/0.00****
Card 13/$4000/$4500/5.82

*Teaser rate ends 4/1/07 (up to 13.99)
**Balance Transfer rate
***Teaser rate ends 8/22/07 (up to 24)
****Teaser rate ends 5/1/07 (up to 13.99)

$81008-$78656=$2352 paid since day 1.