Interest Accruing Debt Reduction: March 2010
I’m keeping track of my payments towards the remainder of our interest accruing debt (besides the house) to kinda see the progress as we reach my goal of having this gone by or in February May 2010. So expect these posts monthly! Each month, seeing the progress should hopefully motivate me to stay on track with this.
- Starting Balance of Debt in March 2010: $1353.13
- Total Payments in March 2010: $740
- Total Payments YTD: $11777.22
- Total Card Charges in March 2010: $126.87
- Total Finance Charges For March 2010: $16.38
- Total Finance Charges YTD: $178.79
- Starting Balance for April 2010: $806.73
- $0 Goal: May 2010
Notes for this month:
With dad using the new checking account I have set up for him instead of my credit card, progress is going extremely fast. My calculations are this will be paid off by May 5th with a lot of really tough discipline on my part. I mean no eating out at all, no extra expenditures, etc. I have gotten it below the $1k threshold, and I have two pay periods left to bring the balance to $0. So long as nothing crazy happens that will upset my delicate balance (and if it does, I do have an emergency fund for that), then we should be good to go.
I will note that I think April is going to be a tough month simply because dad over-drafted at the end of March so he is going to be a bit behind.
See also:
February 2010, January 2010, December 2009, November 2009, October 2009, September 2009
