As of this month, to remain current on our credit card payments, the minimum payment is $549. What we will probably end up paying is about $630, or about $80 over minumum. Note that I've slowed down payback a bit this month, mainly because of extra Christmas spending and keeping some cash in reserve for the home heating bill. We also need to pay property taxes in February. (Never a lack of places for cash to go).

If we paid only minimum payments on CCs, it would take an estimated 28 months to pay off CCs. It's hard to estimate that because minimum payments can change (hopefully down) month-to-month.

If we paid the $630 that we'll be paying this month, it would take 24 months to retire the CC debt.

If we bumped that up by $100 to $730 per month, every month, it would take 21 months to pay off. Not a huge change in terms of months to pay off, but a difference in $160 in accumulated interest, as compared to a $630 payment.

I think we can manage an average payment of $730 per month over the next 12 months. Hopefully some months substantially over $730, no months less than $630, and definitely no months less than $549!