Friday, July 1, 2011
Credit Card #1 -- GONE!
I did it! I paid off credit card #1! Its gone! Zero balance --- I'm doing the happy dance! I had thought that it would be at least mid month before I paid it off. However, with the "extra" paycheck this month (I get paid every two weeks) that didn't have any of the voluntary deductions taken out of it (health insurance, FSA, United Way) ---- I had almost the extra from those voluntary deductions to go ahead and wipe it out. Bills are paid, and I have enough in the checking account to get through when child support and my next paycheck comes in -- and still pay the bills that will come due before then!
So, I crunched the numbers and decided that I wanted to pay that off a full month before my projected timeline! June 30 sounds so much better than July 31, doesn't it? And yes, since I made this decision at 10:00 last night and went online to pay it off, I know that its actually not coming out of my account until July 1 --- but I actually DID it on June 30, so that counts as a month early, right? And if I'm wrong, don't tell me because I am TOO flippin' excited!
So now, to snowball the rest into that big, bad Credit Card #2 --- I'm trying to decide what to do on that one. Do I take the full snowball from #1 and apply it all to #2 (that's $360 a month minimum I was putting towards #1) or do I take $100 or so and put it aside each month for those irregular expenses I never seem to budget adequately for AND Christmas? Decisions, decisions.