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End of January Credit Card Debt Update: $15,999

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At the end of every month, I look at my Quicken file and determine how much more we can send towards our debt before the month end. This month, we could comfortably send $250 towards our debt.

But wait…if we send $365, we could get our debt balance below $16,000.

With being so close to that little milestone, I couldn’t help but tack on more to our end of January payment. Our checking account will be very low for a little while, but that just means we can’t spend money πŸ˜›

The extra money I sent today brings our credit card debt to $15,999.

Next up? $14,999 πŸ™‚


20 Comments

  • Reply Sherri |

    Wow! 14,999 looks so much smaller than 15,999 – can’t wait for the next milestone!

  • Reply dawn |

    Inspiring… milestones definitely help us feel like we are getting somewhere:-) Awesome job on reaching one of yours!

  • Reply jennifer |

    i do the same thing! when i can’t hit those thousands i’m just as excited about hitting the next hundred. have to keep believing it’s moving us faster in the direction we want to go.

  • Reply Frugal Dad |

    It is very motivating to hit those $1,000 milestones and break through them! Great job…you’ll be down to $10k before you know it.

  • Reply debtdieter |

    Good for you, that’s so exciting! The end is really in sight for you now. πŸ™‚

  • Reply Nathaniel Scott |

    woo hoo!! congrats! we just brought ours down from the 16k’s to the 15k’s this month too. feels good.

    posted a link to one of your articles on my blog www.natedavidscott3.blogspot.com

  • Reply mak |

    Congratulations! I’m plugging away at mine, too. Right now, I’m working a part time second job to make some extra payments on my credit cards. This month, I was able to pay an extra $430.00 on the card with my highest balance.

    I also canceled the “security” insurance on the card, which was costing me between $16-$17.00 per month.

  • Reply Becky |

    Congrats! I love to read about people who are successfully getting themselves out of debt. Three cheers for you!

  • Reply Financial Imbalance |

    Nice work, this is a method all always follow as well. Plus the feeling of hitting a milestone is rewarding, especially it you set the bar high and it takes some time to get there.

  • Reply JW Thornhill |

    You are doing an incredible job in decreasing your debt.

    I’m inspired !! πŸ™‚

  • Reply DebtFree Diva |

    Way to go! And thanks for inspiring me to do the same today. Paid extra to drop to 15K (down from owing 30K in 1/07). Just think. By Valentine’s Day next year, we can be credit card debt free!

  • Reply Matt |

    Congrats Tricia! I’ve been watching that debt of yours go down over the last year and a half and I’m truly amazed at your dedication. Before you know it you’ll have everything paid off

  • Reply nithin |

    congrats on your success. Have been steadily clearing off your debts I really appreciate that.

So, what do you think ?