Paying off two credit cards this week
By Chad on Jul 10, 2007 in Bills, Credit Cards, Debt Reduction
We’ve decided to pay off two credit card bills this week. We’re pulling $2,000 out of our ING account to do it, which leaves us with $4,000 in our emergency fund. We are paying off the credit card with the highest interest and the card with the lowest balance. In the end, this will give us just over $100 a month to put towards our next highest interest card, which also happens to have the highest balance(approx $8,000). Once that card is paid off, I think we’ll be on the home stretch of getting all credit card debt eliminated.
Tricia | Jul 10, 2007 | Reply
That’s awesome! Congrats
Chad | Jul 10, 2007 | Reply
Thanks Tricia! It’s an awesome feeling to actually see improvement to ones financial situation.