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Archive for June, 2012

Month two ended...how I did...

June 4th, 2012 at 11:16 am

So...started this blog 2 months ago...so here is the number check in...

Debt decreased...$2.53 this month...yes...not the best month...but since my goal was to just not add to the debt this month...I feel pretty good...this was a pricey month with 2 trips, hotels, extra gas, new tires etc...so it was hard, and I had to up a payment $25 just to get to the small decrease...but it is worth it to me to do it...

So all in all since I joined April 2nd...my debt has decreased $979.31 and I am proud of that...I am hoping to have a much better decrease this coming month, as it should be a more normal month!

One of my credit cards was compromised this week...so they had to cancel it and issue a new one...such a hassle! More incentive to not have these things hanging over my head...though I do use a couple cards with rewards for monthly expenses that are paid off each month...so I can't see ever not using a credit card...

I also think I have made some decisions...I transferred a balance this past month...from the card that had the highest balance and interest rate...I moved it to my lowest rate card...of course I now have 0% interest rate offers on both those cards...so as much as it stinks...I plan to transfer back the entire balance...0% until Aug 2013...and then transfer the other 3 cards carrying a balance to the other card so that all my balances are sitting at 0% interest...yes, I will eat the transfer fee...but that is ONCE...and then all my payments will be decreasing the principal...so my husband and I have discussed it and it seems the best option right now...

So I feel good having started to tackle this monkey I have carried for a long time...

Here is to another good month!