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Credit Card Debt Update: $18,200

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When other things in life are a bit out of my control (like they have been the past few weeks), the control-freak in me is comforted by looking in my Quicken file and deciding to pay off a big chunk of debt!! That is one thing that I can control and it perks me right up.

I paid an additional $607 towards our credit cards to put the balance at $18,200. That means we have paid off $19,414! We are so close to paying off $20,000!

I did some projecting in my Quicken check register, and it looks like we might be able to contribute the extra $600 by the end of the year. I’ll know more once the end of the month gets closer, but for now I have that money “saved” in Quicken to do my best to keep it available.

I sit here…amazed at how far we come. I wonder (for only a little bit – I try not to dwell on it) why we didn’t start reducing our debt sooner. So, if you are reading this and have debt but aren’t sure where to start…just decide that today is the day and start right now. Learn as much as you can on how to live a frugal lifestyle and earn more money. Don’t wait a day longer. Just do it.

Net Worth Update – Up 6.91%

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November was a great month for our Net Worth. With fully funding our emergency fund and paying off half of our credit card debt, this month ended up being our biggest net worth increase in some time.

Right now it stands at negative $36,384.

If you take a look at my NetWorth IQ profile, you’ll notice that it looks like my student loan balance increased. It didn’t increase – I found an error with how I previously entered my student loan payment. I switched the interest paid and the amount paid to the principal balance. So, it will be another month before we get those loans under $30,000.

Overall, though, I am very pleased. As long as our net worth keeps increasing, that means that we are spending less than we earn.

A new debt total is coming up the next chance I get. Thanks again to those helping out with guest posts while I’m a little swamped with life!