About Me

Lau

Ever notice how it's a penny for your thoughts, yet you put in your two-cents? Someone is making a penny on the deal!
- Steven Wright

About me:
27-year old content manager.
My dream is to be financially independent by the time I'm 31. My mean to achieve this goal will be rental properties. I can be good at it, and actually enjoy it, not like my current job (which I'm good at, but don't enjoy)

Re: Update on hubby's CCs

January 30th, 2007 at 11:47 am

Following the previous post on my husband's credit cards
All 4 small balances credit cards are paid off!!!! Yay... I'm really happy.

Next, I'm going to snowball what I used to send them to my much larger balance credit cards and pay those off by the end of the year.

Let's recap:
That was back then (October 13):
CC#1 22.9%, 66.5% balance to limit
CC#2 21.0%, 84.7% balance to limit
CC#3 24.0%, 71.6% balance to limit
CC#4 27.75%, 57.4% balance to limit

This was then (December 13):
CC#1 22.9%, 53.1% balance to limit
CC#2 21.0%, 39.0% balance to limit
CC#3 24.0%, 0.0% balance to limit
CC#4 27.75%, 0.0% balance to limit

This is now (January 30)
CC#1 22.9%, 0.0% balance to limit
CC#2 21.0%, 0.0% balance to limit
CC#3 24.0%, 0.0% balance to limit
CC#4 27.75%, 0.0% balance to limit

Well... that feels pretty good!

Posted in CC & Debt | 7 Comments »

7 Responses to “Re: Update on hubby's CCs”

JanH Says:
January 30th, 2007 at 01:40 pm

That's great! Good for you! I'm inspired.....I need to concentrate more.
daylily Says:
January 30th, 2007 at 02:57 pm

Congrats
LuxLiving Says:
January 30th, 2007 at 05:24 pm

Powerful what a focused mind and determined actions can do!!!

GOOD FOR YOU!!!
Bookie Says:
January 30th, 2007 at 08:57 pm

Now that is impressive. Congratulations on progress to date. I paid off the last of my plastic today, so I know the feeling of relief it brings to watch the totals switch to zeros.
laceshawl Says:
January 30th, 2007 at 09:34 pm

Well done! Give yourself credit for every milestone. And now you know what you are doing is working, you will be inspired to continue.
Lau Says:
January 31st, 2007 at 08:50 am

Thanks everyone for the encouragements! Truly appreciate it... It does feel great! can't wait for the day I can announce that ALL of our CCs are paid.
ExecutiveOpinion Says:
February 2nd, 2007 at 04:21 pm

We just finished paying off all of our consumer debt and we still have money left for investing. It was the great feeling I have ever experienced dealing with finances.

Lau's Personal Finance Blog

Re: Update on hubby's CCs

7 Responses to “Re: Update on hubby's CCs”

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