I have 4 credit cards and I am a grand total of 2511.13 in debit. I am amazed at how much I owe. Some people might think this is a huge number while others might think really? Is that all. Too me and for my income this might as well be 20 thousand dollars. Seeing as how for a family of 5 we only make 16588 a year this is a little over 15% of our income. So I am ashamed to say that I let us go into a debt that high.
I am however, going to dig us out of this.
I am making a vow to myself and putting it on the internet, even if no one ever reads this, to not put another cent on the credit cards and to put 10 dollars a week on to each one until they are paid off. I dont know if there is a better way, sure that there is, but this is how I'm going to do it. I owe only 24 dollars on my Pennys card so this one will obviously be paid first therefore, on the 3 weeks it takes to get that one paid off I will then deciede which card will get the 10 that was going to JCPennys.
I think it will be my Paypal visa because it has the highest interest rate @ 25 % (I know I am crazy)
I am not sure which card should get that extra 10 dollars the highest interest rate first or the lowest amount owed card first.
I also think while I'm at it I will call the credit card companies and see if I can get a lower rate, I have never been late on a payment, they just might work with me.
I have also started watching one of Sarahs little girlfriends a few days a week. It isn't alot of money but some extra that I can send to the card companies as well. Anything to help get us out of debt and on the road to. . .
No comments:
Post a Comment