I'm doing 42 things
I felt somewhat settled on a budget for the six-month period ahead but find myself questioning it due to my credit cards. I have never worried about paying the minimum or less as I have always paid more but with this adjusted budget, the amount towards credit card debt seems too low and I worry about not covering the minimum and extending this debt for too long and incurring unnecessary interest. One of my cards, I have not been using and have been steadily paying down, but it is the other two and really, the three combined, that I am concerned about. I would hate to pay less on my loan for a couple of months but I am wondering if that’s what I should do. So far I have been putting more than my agreed monthly payment.
I verified what my minimum balances would be based on my last statements.
On one card, the minimum payment will likely be under $12.00
On the other, it will be at least $20.
I have not checked the third yet.
I will not decrease my credit card debt by just paying the minimum. I am looking over my budget now to see what would be best.
I have not been keeping track of my spending since my last pay and I am left with under $2 in my account. I want to make sure to start fresh again with my first pay in November, which will be the beginning of the six-month period, and do my best to stay on top and manage things well.
