Phase One. Eliminate CC2.
COMPLETED!!!
Phase Two. Build up EF to $1,000.
Between the three accounts, taking out a little for airfare and adding in regular budget amounts plus extra my savings has increased by $129.83 since the end of last month. Rock on. Granted it's not the expected increase of $155 but considering I pulled out $90 I know I totally would have exceeded the expected.
Phase Three. Pay off as much of CC1 as possible by 4/15/2010.
Statement balance difference: +$1,758.15
Total payments: $523
Total charges and fees: $248.70
Previous potential balance by 4/15/2010: $3,916.24
New potential balance by 4/15/2010: $6,701.73
Right now only $2,141.74 to go before things get back to normal. This includes the $2,000 balance transfer I did for my brother. Hopefully he can start paying me back soon so I can eat away at it faster.
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I updated my Quicken balances. It now shows a payoff date of 2/1011 but that's because I don't enter in the lower interest rate because that only applies to a small portion of it. The interest saved now it shows as $781.42
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Since my raise won't be in effect til next month, I'm really glad I held out $60 to cover the budget. I didn't really need all of it though. But I'll still do it next month til I know what my actual amounts will be. I wound up with $48 left over, I like to keep $20 as a cushion so I transferred $28 to savings since that's the Phase I'm in right now.
And I found out that I can't get glasses at the cheap place I found online. My prism is too heavy. So looks like I'll be staking out LensCrafters and Binyons after all looking for a good deal.
Three Phase Plan update and other stuff
January 19th, 2007 at 03:58 pm
January 19th, 2007 at 04:29 pm 1169224181
January 19th, 2007 at 11:08 pm 1169248113