Friday, April 15, 2011
Tipping Point Payments
We knew when we paid off our van last month that it would be the tipping point for us in our debt pay off. How about a $741 payment on our current debt, the one and only credit card?! That's a lot of money each month, and it starts going down fast. I looks like we'll be able to pay the $741 amount every month (when looking at the tightened budget) to knock out the current $8426 balance on the card. Slated to take a little less than a year, we'll pay it off sooner by throwing any extra income at it as it comes along. It feels so good to see it going down by so much each month!