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It is an ever changing process...

September 23rd, 2006 at 08:25 pm

After about a month of researching how to attack my debt, I have finally written down a plan. I can't believe how easy it was to look at when it was wirtten down!

I have a bunch of small balances on credit cards, under $100 on each card. These will be taken care of by the end of this month. I will then start to pay off my debts one at a time starting with the smallest debt first. It so happens that when I sort my debts by amount and then by APR, they come out in the same order - lucky me!

It feels good to finally have a concrete plan of attack. The stress of figuring out how to do it was crazy. I was racking my brain and scouring the internet for useful information. Anyhow...the debt update for September 23, 2006 = $55043.26. A 3% month!

6 Responses to “It is an ever changing process...”

  1. LuxLiving Says:
    1159043714


    A PLAN = That is good news!!

    What does a 3% month mean? That you were able to reduce your debt by that amount?

  2. chubrock Says:
    1159043878

    Yes...I was able to reduce my total debt by over 3% in one month.

  3. Ima saver Says:
    1159044079

    That is great, good going!!

  4. LuxLiving Says:
    1159044311

    A 3% reduction. That's impressive! Way to go!

    Would you be interested in teaching our politicos on how to start reducing their freespending ways by 3% a month???

  5. JanH Says:
    1159049759

    I started with smallest to biggest. Unfortunately, the rates don't coincide. But I need the reinforcement of getting rid of the small ones! Good job!

  6. Broken Arrow Says:
    1159187448

    Congrats! Smile

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