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

Between the three accounts my savings has increased by $258. At this rate I will reach my goal by April.

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

This phase has changed. I took out a loan to pay off CC1 and lock in the interest at a lower rate. But the end result is still the same, pay off as much of loan as possible by 4/15/2010.

Statement balance difference: -$262.30
Total Payments: $350.00
Total charges and fees: $88.82

Previous potential balance by 4/15/2010: $6,701.73
New potential balance by 4/15/2010: $7,744.40

Once things settle down it'll start looking better, ie the new potential balance will start decreasing instead of increasing.

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I guess I overreacted to the thought that I wouldn't have enough in the bank to cover the first payment. With the interest being so low I had enough from what I had stashed in my electronic envelope to pay off the interest and for the new loan payment plus about $30. It went out in the mail today, will definately reach there before the due date. My hope is that by the time the next payment due date arrives, I will have everything set up online.

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Today was payday. I held out a little to get an oil change and $20 for a birthday gift. Even with that I was able to stash an extra $32 into savings. Wheee. I went grocery shopping and bought a florescent light that was the wrong size. I'll take it back and then call my apt manager to verify that it's something I do need to replace or if they'll provide us with those since it's a specialty type item. My tank is plenty full of gas, won't need to fill it for a little bit at least.