Phase One. Eliminate CC2.
Statement balance difference: -$398.71
Total Payments: $650.00
Total charges and fees: $251.22
The charges were expected and extra was paid from EF to cover them. I expect that the New estimated payoff date will actually be correct. I am hoping to pay the entire balance off before the next statement, but there'll still be a little interest that had acrued so it will be January before I see a $0 balance.
Prior estimated payoff date: 3/20/2006
New estimated payoff date: 1/20/2006
Phase Two. Build up EF to $1,000
Between the three accounts, taking out the expected expenses and adding in regular budget amounts my savings has decreased by $177.96. However I'm not that dissapointed in that number considering I spent $273 so it's bouncing back nicely.
Phase Three. Pay off as much of CC1 as possible by 4/15/2010.
Statement balance difference: -$317.08
Total payments: $523
Total charges and fees: $205.92
I am no longer using CC1 to pay bills.
Previous potential balance by 4/15/2010: $6,665.47
New potential balance by 4/15/2010: $6,096.99
Only $1,309.74 to go before things get back to normal on this card.
This week so far I have the following in hand:
30.00 friend paying me back for something
26.00 Certified check
86.00 Confirmed payment
25.00 Childcare on Sunday
60.00 Brother making a payment
171.00 Possible payment. This makes me Very Happy since the balance is about $258.
I will be requesting a dividend check for $58.39 on Monday. But I don't kow how long that will take to get here.
Old habits die hard. Today we're supposed to all get together to celebrate our birthdays. All four of us were born in November. Plus one of my SIL's has an October birthday that I missed. Well, SIL's debit card number got stolen and $500 was charged to it before it was caught. Then Brother P's check was $300 less than they were expecting. They get paid weekly. They bought a house this past year that's about 50 miles one way into town. So it's quite a hike for them to come. So they won't be joining us. Then I talked to Step Bro and they're not doing so hot either, but they're still coming. Other Brother is the one I've been bailing out recently so I know he's not doing the best, but he did just get paid so he's ok right now. All told, I'm the most financially stable of the four of us. So this morning the thought entered my head, I'll just pick up lunch for everyone. Which of course, means charging it. Then I stopped, stepped back and realized, that's part of the reason I'm in debt to begin with. Not the entire reason, but definately a good chunk. I will Not be doing that after all. I have $12 in my wallet for lunch (I pulled the $7 out of the dollar jar to make it be $12), shouldn't be a problem since I always drink water and I know I can find something on Red Robins menu that after tip won't be more than $12. I will probably be going out to lunch tomorrow after church. I have $7 in my bank account that should do nicely if the occasion arises. If it doesn't, I'll go home and eat. I'm meeting someone for coffee today and I'm going to suggest Starbucks because I have a $5 gc for there. I get paid on Monday, the pending deposit already shows up in my bank account today so I know how much it's going to be. Looks like just enough to cover everything. Unfortunately, nothing really extra to throw at CC2 but I can live with that.
Three Phase Plan, November update.
Phase One. Eliminate CC2.