Wednesday, July 21, 2010

My Debt Roundup – July 2010

This is a late, a very late update indeed. My debt stands at $ 14, 801. I finally paid off my Amex credit card which at one point had more than 15K on it. Okay I have to admit that I balance transferred about 5K to another credit card with a lower interest. However, I still feel good seeing $0 balance on my Amex. I feel like I have achieved something when as the matter of fact I just put my finances to order. Now, I have 2 credit cards remaining with around 10K and 4K in balance. I am going to go payoff 10K first because it has higher interest than the other. If everything goes as planned, I should be debtfree by February/March of next year. Wish me luck.