In order to meet my goal date of May 2009, we need to pay $1050/month towards credit cards a month.
Here’s how August panned out:
Credit Card #1: $225
Credit Card #4: $300, $450, $350 = $1100
Credit Card #7: $147
Prosper Loan: $113
Total paid: $1585
Target amount: $1050
Difference from Target Amount: +$535.00
I know it would be hard to keep up paying $1,500+ a month, but I wonder how long it would take to pay off our debt if we could. I’ll have to run some numbers now that I have all of the minimum payments. I’m excited to see if we can be debt-free before 2009 (which would be awesome!).
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Credit Card Debt
- Starting = $37,614
- Paid Off = $31,615
- Current = $5,999
- $25 ING Savings Bonus
Savings Account
- Current = $3,750
Posted: September 17th, 2006 at 10:03 pm
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