Debt Reduction Plan

Debt Reduction Plan
Estimated Debt Free Day is December 31, 2009

Updated Debt Reduction

Updated Debt Reduction
As of March

Thursday, January 3, 2008

January 3, 2008

I've decided to tackle my Leon's card first since my interest free period ends in May. I don't want to end up paying the high interest that comes on those sorts of cards.

I owe $900 to Leons and today I made a payment of $300. At the end of January I should be able to make another payment of $300. I also made a $50 payment on the student loan although that barely covers the interest.

I'm still working on a spreadsheet to get my debts organized but it's almost finished.

5 comments:

Anonymous said...

Hang in there. You can do this.

KimberlyDi said...

3 years ago I discovered that my husband had racked up $20,000 in credit card bills. I just made the last payment this week. It can be done. Good Luck!


Tips? Know the difference between need & want. Don't buy anything unless it is a need. Learn to cook - don't eat out. Never pay full price for a want. Don't skimp on dental cleaning visits - the root canal costs much more.

KimberlyDi said...

correction. :) Never pay full price for a need - you're not supposed to buy the want.

BUT, it's ok to give yourself small rewards every once in awhile so that you don't give up.

JW said...

I'm looking forward to seeing your spreadsheet.

How's it coming?

Vicki said...

I need help with the charts JW.

They are in Excel but I have no idea how to drop them on here.