3/15/2012

Credit Card Pay Off Plan

Here go...round three?

(ding - ding - ding)



We currently owe just over $4,500 on our credit card..again.  Below are the months for the rest of the year and the debt pay offs that we're committed to each month.  Regular months, with four pays, will see $225 payment.  Months with five pays will see a payment of just under $800 and March sees the largest payment because on top of being a five pay month - we also received a payment from our shares at my work.


What's different this time?  If you missed it, go back a couple of days and check out The New Plan.  The biggest differentiating factor this time is that we actually won't be using the cards at the same time.

I'm not sure if I'll be able to continue to do my month spend tracking - but i'll give it a try using the debt card/tracking receipts a bit better.

Related Posts:

  • Credit Card Debt UpdateAfter finishing yesterday's post, we updated all of our spreadsheets and numbers to account for no more auto-debits to our emergency and gift funds which meant we freed up some monthly cash flow to go towards our credit card … Read More
  • Credit Card Pay Off PlanHere go...round three? (ding - ding - ding) We currently owe just over $4,500 on our credit card..again.  Below are the months for the rest of the year and the debt pay offs that we're committed to each month. &nb… Read More
  • Debt UpdateAs of today (Jordan's pay day) we have made our last large payment for the month of August towards our debt and have so far only used our credit cards for gas and groceries as we committed.  I know it's only been a … Read More
  • Organized for the New YearI hope you all had a fabulous Christmas/Holiday celebration with friends and family - I've enjoyed having a week off and am looking forward to another.  I spent some time this morning finalizing the transfer of all of ou… Read More
  • 'the plan'If you missed our omission of debt guilt, check out Friday's post...it's a doozy. Here's 'the plan' to get out of the $18,860 debt hole that we're in. 1. Stop using Credit for 'entertainment' Jordan and I agreed on step one… Read More

3 comments:

  1. At least you keep trying!

    ReplyDelete
  2. Did you take in your calculations the interest rate for the borrowed money or is your card on 0%?

    ReplyDelete
  3. You have one the first two rounds. No doubt you will win once again. After that, all you have to do is master holding on to that title belt. I think you've already found your solution to keeping away the credit card debt for good this time.

    ReplyDelete

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