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June Debt Update

June 4th, 2012 at 12:34 pm

Here are the numbers for June.

June 2012 Debt
Mort 1 $102,768
Mort 2 $68,950
CC1 $2,470
CC2 $1,791
CC3 $771
CC4 $2,408
Van Loan $5,221

Difference from May debt: $1,517.

CC4 remains unchanged from previous update because I don't pay that at the first of the month.

I took a big whack out of CC1.

CC3 is melting away. Part of me wants to pay it off just to be done with it. But it's at a fairly low rate (5.23%) compared to CC1 at 8.9%. The math says wait, but the heart says pay it off.

The advantage to paying off CC3 is that it would (after it's paid off) increase monthly cash flow by $194, and if something happened (like lose a renter) that cash flow would come in handy.


Posted in Credit Card Debt | 1 Comments »

1 Responses to “June Debt Update”

  1. creditcardfree Says:
    June 4th, 2012 at 04:14 pm 1338826461
    1338826461

    Sometimes debt payoff isn't about the math...if you would feel better and have no regrets I'd pay off CC3.

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