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debt update: Jennlem's Personal Finance Blog
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debt update

June 28th, 2007 at 10:10 pm

Today was payday to I sent some money off the the evil CC's. I still have a long way to go for the big visa but I am at least paying more than the minimum. If all things go as planned it should be paid off by March of next year. I know some people may look at the two cards and wonder why I am not paying off the smaller card first. I know the concept of debt snow balling but the smaller card has a much lower interst rate so paying off the larger card makes more sense.
I normally put $240/mo in savings split between E-fund, A-fund, Car fund and Vacation fund. I have reduced that down to $140 so I could throw more money at the debt.
In other news, today we had a company picnic at work so I got dinner for free!

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