Here are my June 1 debt totals – the good (Chase #2 and Citibank), the bad (Chase #1 and Discover), and the ugly (the total):
Chase Card #1: $21,074.10 ($168.83)
Chase Card #2: $4,549.06 (-$1,313.78)
Chase Card #3: $8,244.38 ($1,011.08)
Discover Card: $12,518.20 ($858.88)
Citibank Card: $7,969.72 (-$216.96)
Total Credit Card Debt: $54,355.66
A few thoughts on the numbers… I may have gotten a little over-zealous about paying down Chase card #2. I’m very happy to have paid down our highest-rate card by $1,300, but some of the money used to do so, could’ve been used in other ways. We had several large-ish expenses in May, and we used cards to pay for all of them. (Both cars needed to be serviced, our daughter desperately needed a mattress, and our cat with health problems had a flare-up and required veterinary care.) We did pretty well using cash for the first 2 1/2 weeks of the month, but obviously fell off the wagon later in the month. I’m happy to be starting with a clean slate this month!
What about you? How’s your debt repayment going? Already debt-free? What tips do you have to share?