I’m all ready to post some January totals, but a-duh.. it might be useful if I posted what the 97k in debt actually looks like. So here goes:
We have 3 credit cards, one of which I recently opened for it’s 0% percentage balance transfer qualities. Here are the January totals:
12% citi amex $7,408
11% usaa mc $17,548
0% citi mc $7500
TOTAL: $32,456
Next up:
car loan: $19,945
home eq: $47,042
total debt: $99,443
(I just realized I need to rename the blog!)
So, the first step is our credit card debt. I am going to attack each debt according to interest rate, and thanks to an annual bonus my husband gets each year, I think we can get all credit cards paid off in a little over a year, March 2009. At that point, I’ll throw all the money that was going towards credit debt to the car loan, and then when it’s paid off, we’ll hit the home equity loan.
I realize we are going to have to be very aggressive to get all this paid off by December 2010, but I think we can do it. Next up - January update.