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More interest owed...debt must die!

June 26th, 2008 at 11:27 am

Doh! I really am not a big fan of Card 1 (obviously I used to be its #1 fan as you can see by the balance we ran up on it.) They "socked" me with an interest charge of $303.52! Ouch...right in the kisser.

So unfortunately I get to update the debt tracker for all the wrong reasons! The light at the end of the tunnel is I'm not concerning myself with Card 1 for a long while because I have to crawl before I can walk (and then run from this debt monster) so I really need to just keep paying down Card 3 then attack 2 and then 1 and then have NO DEBT TRACKER CATEGORY EVER AGAIN!

I like the plan. Here's the updated numbers (oh and Card 1 has a min payment of $700 due 7/24...yippie.)

Debt Tracker 6/26/08
Card 1 $43817.82 (8.99%)
Card 2 $30411.06 (9.99%)
Card 3 $17269.13 (11.24%)

3 Responses to “More interest owed...debt must die!”

  1. merch Says:
    1214481294

    Ah yes, interest, the sword that cuts both ways.

    On the plus side, you paid off $3,500 on card 3.

  2. I-78 Commute Says:
    1214482523

    Hey Merch,

    Yep...it's nice to see that balance dropping like a lead balloon. I'm a pretty good poster child for why carrying a balance is about as dumb as it gets. Smile

  3. liferules.org Says:
    1215023357

    This debt tracker idea is way cool...I love the debt snowball concept.

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