I skipped an update at the start of April, largely because of lame complications related to some wild plan to use one of my credit cards to pay off David’s student loans. He’d paid off a huge chunk to cover the pending charge, but then we ended up not being able to use the card to make the payment and la la la… for a period of time there my credit card balances were not “real” and so I didn’t want to record it.
But here is an update, which I find uninspiring and just, well, sigh. It’s not 2K down from 2 months ago, but only $1299.70. I did transfer the balance for one card, which had this crazy, frustrating 22.99% APR, so I was getting a finance charge of a few hundred dollars every month. I think that doing away with that card was a good thing, but it did cost me about $400 more dollars on the new card for the privilege of making that transfer and that was a rather hefty setback.
David made me a spreadsheet that calculated my balances and interest rates and planned payments, which puts me at debt free as of December 2011. That still seems awfully far away and the amount of debt still seems unreasonably huge. Even getting under $10K isn’t scheduled until March of 2011 and gosh! That’s a long way off. But it’s not 10 years away. And not even 5 years away. I may be feeling a little up hill about it today, but still… I am totally the little engine that could.
It’s another first of the month, and I’m down $946.22 from the last one. Still not quite a whole thousand less, but it’s pretty darned good, I’d say.
It’s less than 20K! Just like breaking a decade or a century in weight loss, it feels pretty good to get that number to one that starts with a 1 instead of a 2.
It feels do-able. I can do this! Just paying attention and facing the problem seems to have helped a lot. I know it’s only been 2 months of concerted effort and is far too soon to be congratulating myself much… not to mention that it’s still a nauseating amount of debt… but still.
I did have a few transgressions this month:
- There was the matter of a small fit of Anthropologie business. I’m suffering a bit from excessive fatness and the not-fitting-ness of all of my clothes and succumbed to the pleasures of buying a few things that actually fit.
- There was also a goodly amount of going out. But this is one that I think I ought to just do a better job of budgeting for. I can keep the restaurant and bar expenses down to almost nothing if I’m hermitting and not going out at all and while it does feel awfully sanctimonious to minimize that expense, I kind of think it’s necessary. Hermitting is not something I can mentally afford to keep up.
Overall, I am feeling pleezed! It’s a funny secret private pleased. I can’t really go around squealing that I am just under twenty thousand dollars in debt and expect anyone else to see it as a “yay!” But that’s quite alright. I will just keep this little feather in my own cap.
Until next month….
At the end of the month, it’s not quite fully the whole thousand that I wanted to be down. But it’s down, and I’ll take that. And, I think that on March 1, 2010, I will be under 20K. So that’s something.
Struggling a wee bit with wanting to use my Virgin card to earn airline miles and planning to always directly pay the card back, in addition to making card payments. I guess maybe I must just give up on the airline miles for now.
But I feel like January was pretty good for the spending, overall. Until next time…
Some of the many things I feel about that number up there. It’s my total credit card debt at the end of 2009. And yes, I am appalled, scared, disgusted and resolved to get rid of it.
I have a tendency to just avoid looking at that number and in all honesty, I thought it was probably around twenty thousand, but I’m a bit surprised that it is properly over.
I can pay a thousand dollars a month, so in a year’s time I should be able to halve that number. I will be logging in a monthly tally here each month and, hopefully, watching that number go down.