Snowflakes Continue to Pay-off Debt - July Goal Met!
For those of you following my July goals, #2 on my list was to pay-off $8,000 in debt. I have a Capital One card at 14.9% that I’m attacking with a vengence using the debt snowball method.
On Monday I gave you the debt-busting update where month-to-date I had paid off $6,856.77 … leaving $1,143.23 towards my crazy goal. I’m happy to report that more of my items sold on Craigslist within the last 48 hours. Yes, 2 ceiling lights, 2 CD towers and my CompuTrainer…used for indoor cycling/training sold and today I’ll take $1,300.00 to the bank!
This brings my monthly debt pay-down to $8,156.77. I have more things on Craigslist and an evening focus group that is estimated to pay $150.00 before the end of the month. Yippee!
As for the Capital One card? Applying the $1,300.00 plus tossing in $13.94 for luck, I’ll be down to an even $6,300.00. I never would have thought I’d be down this much in one month just by focusing on one account at a time.
Call it obsessive compulsive, call it crazy. I call it paying less interest to da man.
If you are trying to put your financial house in order and need a little inspiration… stay tuned! There’s plenty of encouragement on budget updates from Kelly and Twiggers, a debt-paydown powerhouse. There’s plenty to learn from everyone out there… plus get a few cheerleaders to help you along the way.
Comment by Kelly from Almost Frugal on 24 July 2008:
Well done! That’s great news, now keep up the good work.
Comment by Twiggers on 24 July 2008:
YAY!!!! Congrats for reaching your goal! And there is still more time left this month!!!! WTG!
Comment by ManicMom on 24 July 2008:
Wow! Congratulations!
Comment by Chris on 30 July 2008:
Congrats! That is great to be able to pay off that much in a month. That is 5 or 6 months for me. Our garage is full of stuff we can sell. It is just hard finding the time to clean out the garage with two kids around.