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Card 2 payment

July 15th, 2008 at 03:20 pm

I paid $1 over the minimum for Card 2 (this is so I can allocate the remaining funds to Card 3 when it comes due.) The Mrs. and I sat down and did our budget all the way up to the trip to Hawaii. We adjusted all the numbers so that we will be leaving with $5500 in cash to spend on the island. Thanks to this I was able to pay the mortgage and Card 2 today with what's in the bank. So even though they socked me with a $241.19 interest charge I did pay $614 back at them. So here's the updated tracker:

Debt tracker 07/07/08
Card 1: $43117.82 (8.99%)
Card 2: $30038.25 (9.99%)
Card 3: $14999.99 (11.24%)

Total CC Debt: $88,156.06

It took all my energy to NOT pay the extra $38.26 to put Card 2 under $30k but I'm following the plan to the letter so that extra $38.26 will go right into Card 3 when it's time to pay it (next week!)

I at least feel better seeing every penny up to Hawaii spent on paper before we actually spend it. At least I know where it's going!

Posted in Watch our debt go to zero! | 4 Comments »

4 Responses to “Card 2 payment”

  1. gamecock43 Says:
    July 15th, 2008 at 03:33 pm 1216136009
    1216136009

    good luck. Sounds like you are being very pro-active and this CC debt will be knocked out in a few years. You might come up against an emergency that will cause you to go off track, but dont let it deter you, everyone has that happen.

  2. creditcardfree Says:
    July 15th, 2008 at 04:36 pm 1216139796
    1216139796

    Wow, you really did show restraint in not paying that $38! I would have wanted to do the same. That viewpoint will get you far to your goals. Keep up the good work!

  3. merch Says:
    July 15th, 2008 at 04:59 pm 1216141199
    1216141199

    Plan the work and work the plan. That's all you have to do.

    Also, find your pace. It's very important to be disciplined. Remember, you are also changing your behavior. And you don't want to be too gungho on either extreme.

  4. boomeyers Says:
    July 19th, 2008 at 04:32 am 1216441960
    1216441960

    Keep up the great work!!

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