by Tricia
I realized I haven’t provided this report in a while. I think with including a more detailed monthly spending report I forgot about this one. So, here’s how my credit card debt stands as of the end of September, the end of October and present day. I included present day because a balance transfer was just completed a few days ago.
We now have 4 credit cards that are at a zero balance. Woohoo!!! Three more to go and a Prosper Loan.
NOTE TO MY PROSPER LENDERS THAT CHECK IN ON ME :):
If you remember my listing, I said that I wouldn’t agressively pay off the Prosper Loan until I paid off CC#4. Since I transferred the $5,100 from CC#4 to CC#2, CC#4 is now technically “paid off.” However, I just shifted the debt so I do not consider it paid off. I will now agressively pay off CC#2. Then, depending on how the interest rates are on the rest of my debt – I may or may not pay down the Prosper Loan next.
Wow you’re doing amazing. Congrats. When do you project you’ll be done paying it all off?
You are doing amazing. I’d say “Keep it up,” but I know you will…
Do you create this chart/report in Quicken, where it has the last few months? Although I’ve figured out a lot (I think) I’m still learning.
I’d love to see my amounts go down by month as well.
Thanks.
Binary Dollar – my goal date is May of 2009, but I’m hoping to keep things agressive and have it paid off by December of 2008. I ran the numbers, and it can happen. Realistically, though, there will be months where I can’t pay as much extra to the cards.
Mandi – I run the report for this in Quicken (a modified Net Worth report, filtered to include just my credit cards and prosper loan). I then display the report by month and select the dates I would like to run the report for. I then export it to Excel, so then I can “pretty” it up and add the shading.
You’re making good progress!