The end of another quarter is here which means it's time to tally up my efforts and see how well I did for the past three months. I know a lot of other debt reduction bloggers that I follow seem to update their numbers more frequently but for me every three months is already a lot to handle. Even though I am tackling the debt and am always happy to see the amounts I have paid off, I still don't like to look at my bloated account balances. I'm hoping the residual dread will wear off the longer I keep at this and the lower my balances get.
Plus, when I totaled my debts this quarter, I realized that I am super close to having paid off $10k since last October! A year ago I would have thought that kind of debt pay-off was impossible and I'm still a little dazed that I've come this far already. I can't wait to post that I've hit the $10k mark which should be very soon! Here's looking forward to the next three months!
And the grand total is:
And the grand total is:
Student Loan: $37,172
Car Loan: $9,942
Credit Card 1: $3,908
Credit Card 2: $4,693
Credit Card 3: $0
Parents: $0
Total: $55,715
Here’s my starting point back in October 2011:
Student Loan: $38,339
Car Loan: $11,684
Credit Card 1: $10,577
Credit Card 2: $3,635
Credit Card 3: $0
Parents: $600
Total: $64,835
Paid off to date:
4th Q 2011: $5,051 + $0 in savings
1st Q 2012: $1,298 + $150 in savings
2nd Q 2012: $2,771 + $506 in savings
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