pay off credit cards

I’ve been trying to do this forever. Now I have some real motivation. I want to get out of California and move to Maine. I want to have my debt mostly gone before I do so. I’m going to start getting student loans, which will drop my interest rate immensely for whatever debts I pay off with it. As far as all of my other debt, I want it gone as fast as possible. I made a chart with all of my current debt, which amounts to about $18,000, not including my car. I made a chart for up to $20,000. As I pay off each $100, I’ll x off the box representing it. That means 200 x’s. It would take me over 8 years to pay off $20,000 if I pay off only $100 a month, which would obviously cost more than $100 a month due to interest. I currently have 19 x’s. My first short term goal will be to reach 25 x’s by the end of the year.

I paid off the little bit of interest that was charged on a few of them today. I’m down to two now.
Chase – 3429.69
Capital One – 2963.17
Total – 6556.66
Paid in July – 146
New Balance – 6410.66

Once the rest of the check clears, I’ll pay off a fifth. Then it’s time to focus on paying off the loan.

Then I’ll be paying off five of my credit cards and a portion of the remaining two. This’ll cause my total debt to go up to start with, but then I’ll have four less monthly bills and I can focus on what I’m paying off better. Plus, you can’t keep running a personal loan up to the limit, so it can only go down!

Chase: 3466.64
CapOne#1: 2947.23
BofA: 2990.47
Best Buy: 1355.88
Zales: 647.31
CapOne#2: 483.35
HSBC: 254.8
total: 12145.16

That’s 136.45 less than May before making payments.

I had paid off my HSBC credit card, then I used it to go to Vegas for my anniversary, which was totally worth it. Now I’m focusing on paying off the Zales card instead, since I won’t ever drive that one back up.

May totals:
Chase: 3533.31
CapOne#1: 2895.57
BofA: 2982.41
Best Buy: 1371.02
Zales: 757.23
CapOne#2: 490.98
HSBC: 251.09
total: 12281.61
payed: -281.00
equals: 12000.61

I paid off my GE credit card about a month ago, and I just paid off my Household Bank credit card!

Chase: 3480.11
CapOne#1: 2856.86
BofA: 2988.63
Best Buy: 1346.34 – 36 = 1310.34
Zales: 765.09
CapOne#2: 489.73
HSBC: 292.37 – 292.37 = 0

Total: 11,890.76

Chase: 3564.08
CapOne#1: 2925.86
BofA: 2961.65
Best Buy: 1360.53 – 36 = 1324.53
Zales: 773.28
CapOne#2: 491.43
GE: 806.64 – 806.64 = 0
HSBC: 253.50 – 15 = 238.50

now I’m down to 7 cards!

I just paid $500 on GE, and I’ll be knocking it out next paycheck.
Chase: 3487
CapOne#1: 2885.46
BofA: 2961.65
Best Buy: 1324.53 (after this month’s payment)
Zales: 773.28
CapOne#2: 491.43
GE: 306.64 (after this month’s payment)
HSBC: 266.94 (after this month’s payment)