It seems this month was not as good as past months. My decrease in debt is a bit less than previous months but I think that I know why.
Since last month involved paying off my Best Buy card and this month involved not as much money, I stuck to paying minimum payments. I also wasn’t sure yet what I was doing with my goalsharing or taxes. Of course at this point, the extra money is just barely hanging on and I’m still trying to figure out what to do with what is left.
I have about $250 due soon for getting my wisdom teeth out (thankfully insurance is covering about 80% of that)… and thankfully I still have a job to maintain said insurance. I also have to get my summer tires mounted and balanced. I also have a trip to NYC for the auto show coming up.
So… how are things shaping up? Well last month ended with a revolving balance of $8475.80, down $554.43 from January – again, thanks to paying off one of my cards.
Brings us to this month… current revolving balance of $8397.00… making a difference of only $78.80. Like I said, that’s only paying minimums, I think. Lame, I know.
I was playing around with the calculators on the Credit Karma site and found that it is going to take a LONG time to pay some of these things off with minimum payments. I’ll be focusing on the Chase card I have now. That one has a ridiculously high interest rate for some reason and I’d like to get rid of it.