Friday, January 18, 2013
Credit Card Debt Pay Off Progress Jan 2013
Credit Card Debt Pay Off Progress: January 2013
Since November, 2012, I've paid down $1,454 toward the $16,000 credit card debt. That is alot of money put towards the credit card debt for me but I haven't been able to build up my Emergency Fund at all.
My next step with the Credit Card Debt pay off plan is:
I think I will get around $4,000 in tax refunds this year and once I receive the tax refund money, I plan to pay off the Chase Sapphire Card, which currently sits at $2,737 and save the remaining money to kick of the Emergency Funds savings.
I need to get rid of the high interest Chase Sapphire Card, which is at 15.99% APR, which approximately is adding on $30 plus dollars each month in interest.
On the top right corner of the blog, the Credit Card Debt Pay Off Bar now proudly sits at 9% paid off versus the 1% paid off that was reigning the Debt Progress Bar for a while there.
Here is to taking pride in small steps!