So After looking at my different side bars I have decided to change the Credit card bar to read Credit card #2. I have paid off about half of what was on Credit card #1 and re financed the rest to lower interest rates. That card is GONE baby! So Credit card #2 is at 15.99% and the Balance in June was $ 4,562.21. I have made the June payment of $ 100.00. I am working on my cards in interest order. Dave Ramsey suggests to make progress with smallest first and then interest But I am tracking the debt pay down as a whole and I want to pay as little as possible to those stupid banks. I can see my progress in my NCN Chart. Interest order will accomplish that. The interest makes a bigger difference if you start with 40K in debt then if you had 10k. Its a lot of interest. As a matter of fact Credit card #2 I have never made a single purchase on. I opened it for the introductory balance. And then I never moved the money. Bad plan. Those were the old days this is the get out of debt world and I am not looking back. According to my debt snowball plan, Credit card #2 will be paid off in May 2009. As long as we keep on track. Whoop Whoop Whoop.
I think it is a sickness. I am actually looking forward to my statements this month so I can log in my progress. I am also looking forward to making my August payments. just so I can track the progress. It really helps to have a fully funded emergency fund. Hooray debt is going down this month.
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