Well, Its the 30th, so I got paid today. I’ve already allocated out almost all of the money from this paycheck, and re-calculated the debt figures, and frankly, its disappointing. I know, I know – this is still a transition month, and things are sort of in flux, but it is incredibly frustrating to essentially send my entire paycheck to debt, and have nearly nothing to show for it. The net amount of debt that I paid off this round was only somewhere around $300, due to the fact that some of the cards I had transferred balances off of still had accrued interest. Still, I am down to 8 cards with balances, and as soon as I recieve my federal tax refund and my stimulus payment, that will go right towards paying off 2 cards, and the majority of a third card.
My goal is to have the next three cards in my list – the Gap, Old Navy and J. Crew store cards – paid off by June 15th. After that, I have a choice of tackling either the Bank of America card or the AT&T Universal card – they both have balances around $2000, and they are both now at around 21% APR. If I can possibly get them both cleared by the end of August, that would be amazing. My goal is to have balances only on the Amex, US Bank and Citi cards by the time I move at the end of the summer – ambitious, but very do-able, I think.
