Update! Down another $250!!
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| Mon, 10-31-2005 - 8:41am |
WOO HOO!
Debt as of 10/31/05: $19,710.65 - Down $355.37 since 10/17
This amount will go down another $150 later today or tomorrow!!!!!!!!!
I had $400 commission (this was after taxes, commission WAS about $700) on my check.
What I COULD do is send $250 to Home Depot and the remaining $150 to Best Buy. Home Depot would then have a left over balance of $497 and the 0% runs out in June. Then I could make 7 payments of $71. Best Buy there is a balance of $1, 757.72. That would drop that down to $1,607. My hope is then on 11/30 I would receive my large commission, and could send $600 to Best Buy, and then my other extra, which will be $322. That would be $922 I could send then December 1 and it would mean that I would have $685 left on it and that also runs out in June for the 0%. Then I could make 6 payments of $114. Actually, I will be sending the additional $78 a month too, so that will actually make it less I have to pay (or just pay the same and pay it off quicker).
I think that sounds like a good idea. So I just did it - $250 sent to Home Depot. I will send the additional $150 later (even though I called the bank, I want to be certain when I get to work!)
I realized too that while it FEELS like no progress is being made, that is only because I am still paying the same amount. I am not allowing myself to lower the amount I send when the minimum goes down, so it feels like I never have any extra money. But it IS going down. I just have to remember that!

GREAT!!! You're making fantastic progress in your debt reduction. That's a pretty large payment you were able to make! :-D
Time for the Happy Dance! :-D
Pat :-D