I dug up CC information that I included in my first blog post. It includes information from Nov. 2010. I compared it to our current credit card balances, and monthly due. The bottom line is that during the past two years, we have paid off a whopping $17.9K in CC debt!
Two years ago, we were obligated to pay a minimum of $990 toward CC debt. And, $190 was paid in interest. This month, we will pay $24 in CC interest, and that's still too much.
Two of our CCs have been paid off. A third was at 16.99% two years ago, and its balance has been transferred to three different 0.00% cards. Another CC had its APR dropped from 12.9% to 8.9%. Our income is up a bit, and we have had reliable renters for about 22 1/2 of those months, so clearly that's a big part of the solution. But, just as clearly, gaining control of where the dollars flow is huge.
What a difference two years makes
October 3rd, 2012 at 05:44 pm
October 3rd, 2012 at 06:49 pm 1349290148
October 3rd, 2012 at 11:24 pm 1349306672
October 4th, 2012 at 11:59 am 1349351963
October 4th, 2012 at 12:43 pm 1349354622
October 15th, 2012 at 09:33 am 1350293623
Jerry