October 31, 2007
Plastic Pinch Update for October
Not a whole lot of excitement here. I don’t feel like I’m doing much to actually pay down my debt. The focus is to transfer at least one if not both of my smaller balances to my 0% card for 12 months and then get the principle paid down quickly. The plan is to just lump the payments all together and pay it consistently every month for 12 months. If everything goes as planned those smaller debts will be gone in a year if not quicker. I got to get the small stuff out of the way so I can put more energy into the larger ones. It will be nice to be working on getting BoA out of my life forever. Here’s my progress this month:
| Credit Cards | Balance | Credit Line | APR |
|---|---|---|---|
| Bank of America | $3,988.70 | $5,500.00 | 15.24% |
| Associates | $1,271.89 | $1,700.00 | 18.99% |
| Citi Dividend | $5,322.82 | $8,700.00 | 9.90% |
| Zales | $909.28 | $5,000.00 | 9.90% |
| Totals: | $11,492.69 | $20,900.00 | |
| Debt-to-Credit | 54.99% | Change | 0.72% |
I know it’s not very exciting. At least we gain an hour this coming Sunday and I like the cooler months of the year. The car insurance bill will soon be on its way, and then of course dealing with the cost of Christmas. For now I am going to hold off on disclosing what I’m getting my wife. I really don’t need any extra attention or comments on that. We’ll see where things stand with the balance transfer this coming month.
Comments(4)