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First step toward October goal

September 26th, 2008 at 09:32 am

UK credit card payment hit: $82 to principal. Since I made a huge payment to it, the minimum payoff each month has gone down by about $50. But that's OK, because the minimum payment itself has been reduced by $70. The goal with the UK account is to keep a small surplus in there so we can cover flat-rental expenses from flat-rental income and not have to transfer money over at $50 a pop (not including bank fees on the other end). So having a much smaller payment is good. And the interest rate on that credit card is low and fixed, so there are much more urgent debts to pay off quickly.

Anyway, that's $82 down, $2,918 to go on my October goal, and $44,984 to go on my Big-Picture Goal. (That goal got an artificial boost when I used part of a student loan to pay some of my personal loan off. I decided to go with it because it would get confusing to catgegorize part of one student loan under CC debt. I'm going to attack the student loans and mortgages with the same vigor once I'm out of CC debt anyway.)

2 Responses to “First step toward October goal”

  1. HELPmeFriend Says:

    Very smart move to attack the CC first and then move on to the other debts. Those are the good debts anyway.
    Sounds like you are winning the battle too!

  2. sillyoleme Says:

    Good job! Glad you're getting a head start on October.

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