This update is coming a little late for September, but the month was pretty good. Remember my updated debt strategy of paying off my smallest bill first? Well here’s an update on that account, which is at 0% interest:
August 2011: $2,100
September 2011: $1,815
Pretty good, right? My goal for finishing October is to get it to $1,400. I can easily do it if I don’t pay small amounts to other accounts as well. Now for the overall debt update:
Total Debt Update:
September 2011: $37,084
% change from August 2011: 1.26% Decrease
OK, that doesn’t sound like much, but that’s with carrying that money I lent to someone (now down to $900) and buying two tickets to Costa Rica for November. The person I lent money to also has a 29% interest-rate Chevron card, so I told her to focus on that first instead of paying me. I should be below $37K by tomorrow but that’s not really a September update anymore. Paying off debt when you don’t make a lot is very difficult- and here’s a cool site I found that’s trying to educate people on the plight of many Americans: http://playspent.org/ The site is really well-created and well thought out. Let me know what you think of it.
Remember to click on the ‘debt update’ tag for this post to track my debt reduction process from the very beginning of this blog!