<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Three Phase Plan, December update.
 

Three Phase Plan, December update.

December 20th, 2006 at 08:30 am

Phase One. Eliminate CC2.

COMPLETED!!! I was very much expecting to have to pay a little bit of interest on this month's statement but it is all $0.00! Wheee! Onto Phase Two officially!

Phase Two. Build up EF to $1,000.

Between the three accounts, taking out unexpected loans and adding in regular budget amounts plus extra once Phase One was unofficially completed my savings has increased by $205.33 since the end of last month. Rock on.

Phase Three. Pay off as much of CC1 as possible by 4/15/2010.

Statement balance difference: -$293.12
Total payments: $523
Total charges and fees: $229.88

Previous potential balance by 4/15/2010: $6,096.99
New potential balance by 4/15/2010: $3,916.24 (I'm going to start using Quicken's figure for this)

Right now only $992.91 to go before things get back to normal. Unfortunately that won't be lasting long. I'll be cashing a check next week for $2,000 balance transfer and will be adding a few more dollars to the mix.

------------------

I updated my balances in Quicken. It still shows the same payoff date of 10/2010 but now it shows the interest saved as being $472.34. I'll take what I can get.

------------------

I got paid today. All bills are paid and my cushion left in the account is $18.65 It'll be interesting to see if we do get a Costco Cash Card after all since the guy who makes Costco runs went yesterday on his way home from work. If we don't, I'll be stretching that food budget creatively. Smile

0 Responses to “Three Phase Plan, December update.”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]