Help reaching my goal

New! Use this space to post your goals, accomplishments, and setbacks on your path to get rich slowly. Others can read about your situation, and provide critiques and motivation. Look here to find somebody who has experienced a situation similar to yours!

Moderators: lvergon, Fiscal Fitness Moderator

Posts: 450
Joined: Fri Jul 10, 2009 6:57 am

Re: Help reaching my goal

Postby CecilyC » Fri Jan 25, 2013 1:38 pm

Wow, you are really making progress! You must have paid off quiite a bit by now....Why not post your overall cc debt number so we can pat you on the back? :) Feels good to be able to brag!

Posts: 21
Joined: Tue Dec 18, 2012 6:00 am

Re: Help reaching my goal

Postby unplugged71 » Mon Jan 28, 2013 5:52 am

Here's my current status as of today's review:

Credit Cards: $15,940.00 (18% interest)
Loan: $5,153.07 (13.89% interest)
Auto Loan: $9,423 (3.9%, may be behind 1 payment)

I know I didn't include my auto payment in previous posts, mostly because I don't really consider it a debt. Most cars have to be financed anyway unless you have all the cash to buy it outright.

I'm waiting on Amazon to deposit my sales. They have a 14-day delay since my account is under review for a sudden change in my account activity. Guess I haven't sold much in a while and now I have several items sold.

I did pay all my cards that have anything higher than 20% interest rates now. I just need to remember to keep an eye on any 0% promotional purchases expiring soon so I don't get hit with huge interest charges.

I honestly didn't think I could manage to pay off so much in a short time, but with the bonus pay and extra over-time, I'm suprised how well I did. Plus killing my social life a little bit added to that.

Once my Amazon funds come in, I'm sure it'll be slower going forward as I don't have much to sell afterwards. But at least I cut out a lot of bills from coming in the mail which mentally helps me out. So much easier to manage fewer debts. And all the min payments I was once making for those cards now paid off, could be applied to the fewer accounts I have left.

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