Home > Three Phase Plan update.

Three Phase Plan update.

October 21st, 2006 at 04:22 pm

Phase One (pay off CC2)

Statement balance difference: -$292.93
Total Payments: $488
Total charges and fees: $195.77

Most of those charges were from before I decided to stop using the card all together. The next statement should look better.

Previous potential payoff date: 4/20/2007
New potential payoff date: 3/20/2007

Phase two (build up EF to $1,000)

Between the three accounts my savings has grown by $130.01 since the end of September.

Phase three (pay as much off CC1 as possible by 4/15/2010)

Statement balance difference: -$90.70
Total payments: $473
Total charges and fees: $382.30

That was the last month that I'll have charges on this card. It used to be used to pay bills. It no longer serves that function.

Previous potential balance by 4/15/2010: $6,739.99
New potential balance by 4/15/2010: $6,665.47

Only $1,582.95 to go before things get back to normal on this card.


Back to CC2 news. I got $25 last night for babysitting instead of the expected $20. So now my Tuesday payment looks like this:

5.00 Pinecone check
30.00 Paycheck
25.00 Babysitting
60.00 Confirmed payment

50.00 Childcare on Sunday
30.00 Childcare on Monday
80.00 Potential

140.00 Possible payment. That makes me Very happy.

Because CC2 is a cashback card and you can only make withdrawls when it's at or past $50 I'm going to wait until after the November statement to request a cashback check. The reason for that is I'm planning on putting my tire purchase and my birthday hair cut/color on the card to get a little more cashback. After I make the charges I'll pull the money out of my savings to cover it and make that much extra of a payment the following Tuesday. That's the last charge I intend to make. Then when I get the cashback check, I'll just incorporate it with a payment on CC2. My current cashback amount is about $55.

1 Responses to “Three Phase Plan update.”

  1. Amber Says:

    sounds like you are making progress way to go

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