Good things that have been happening
-Our 401ks are at a combined balance of $14,126 right now, so we hit the 14K mark for the year. YAY! I am so happy over this. Next year, we are going to put in at least $8K. Barring a huge market downturn, we will hopefully hit $22K.
-All of the Christmas shopping is done! I stayed within $100 of my budget, but DH went over budget on buying for me $300. I have no clue what he bought since it isn't Christmas, but he worked extra hours to make up for it. Thanks DH :)
Debt Update
| Start 8/15 | 18-Dec | Difference | |
| Sallie Mae | 12762 | 12305 | 457 |
| Well Fargo | 11700 | 11150 | 550 |
| Chase | 2353 | 2190 | 163 |
| Chase 2 | 2300 | 2353 | -53 |
| Chase 3 | 1710 | 1586 | 124 |
| BOA | 9300 | 9140 | 160 |
| BOA 2 | 1833 | 2300 | -467 |
| Credit UnionCard | 700 | 567 | 133 |
| Car Loan | 7875 | 6600 | 1275 |
| Car Loan 2 | 2090 | 0 | 2090 |
| Target | 149 | 0 | 149 |
| Campus Loan | 8250 | 7800 | 450 |
| Husband School | 376 | 0 | 376 |
| Capital One | 376 | 0 | 376 |
| 61774 | 55991 | 5783 |
Since August 15th, we have paid off almost $6000. I am planning to use some of my 12/30 paycheck to make it $6000 even. The cards moving in the wrong direction were from DH's overspending, so this will be fixed once we get the paycheck with the overtime in it.
Chase hiked the rate up on all three of our cards by three percent, so I think I am going to focus on them first. I wanted the credit union card gone because it was so small, but the interest rate is so much lower. I don't know. Right now, I am focusing on Chase 3.
Chase is in my cross-hairs at the moment too. Unfortunately, they also have one of my highest balances. Oh well - I cant wait for the day when they are gone. Great job on almost hitting $6k payoff in 4 months. That's GREAT progress!!
ReplyDeleteThanks! I too am counting down the days till all this credit card debt is GONE and for good. I calculated the amount of interest we spend yearly on credit card interest and it is just sickening!
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