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At the start of this blog (July 1, 2008) we were $44,584.52 in debt. This is our journey to become debt free and here are the numbers to keep me motivated!
Starting Debt Status (07/01/08)
- Credit Cards: $23,373.93
- Car Loan (2006 G6): $13,818.91
- Student Loans: $7,391.68
Current Debt Status (12/01/08)
- Credit Cards: $19,826.59 (down 15%)
- Car Loan (2006 G6): $12,258.46 (down 11%)
- Student Loans: $6,820.18 (down 8%)
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Bank of America (paydown focus started on 12/1/08 with balance of $1,372.89)
- Payment 1 - $100 on 12/10/08 - Balance of $1,284.21 with interest
Past Focuses
- Chase Credit (focus started on 7/1/08): Beginning balance of $470.11 paid off in 2 months (9/1/08).
- Capital One (focus started on 9/1/08): Beginning balance of $907.34 paid off in 3 months (12/1/08).
