Below is a progress report of where I am at the end of November:
|Current Balance||Amount Paid||Remaining Balance|
|Wells Fargo Line of Credit||$5,130.00||$190.00||$4,940.00|
Talking with my fiance, we agreed that I could balance transfer over $200.00 to the Capital One debt, which is why the Capital One debt increased. I made a $670.00 payment to the Barclay’s card to pay my debt off before year end. Remember if you’re going through a debt reduction plan to always communicate with your partner, and to keep a laser focus on reducing the debt. I’m able to pay down my debt at such a fast rate because of two reasons: 1) I know my numbers because I have a budget 2) I’m willing to sacrifice, sell what I don’t need and work for extra cash.
Next year, my focus is going to be paying down one specific debt, because I need to save money for our wedding, but I will keep my heart and mind open to any opportunities that come available.
The rich ruleth over the poor, and the borrower is servant to the lender.
I believe in your journey to….
A Debt Free Me