DEPRESSING!!! I had forgotten that we still had $1200 left to pay on DH's (last!) tuition bill, so the cc balances went up instead of down. BUT - we are all done now with tuition, so we will just chip away at the balances now. It's all going to get better from here!
1. Pay off Discover $367 balance -> this went up to a $417 balance, which was paid off this month. Unfortunately, we had to put $800 back on from the tuition. Balance now stands at $893.99 (also spent $78 on groceries/coffee maker). This will be paid off from savings next month.
2. Pay off American Express $4552 balance (0% interest until 8/07) -> balance is up to 4897.28 (added $400 from tuition, $100 payment, plus a few small expenses)
3. Pay off car loan, $1085 balance, 3.75% interest -> no progress this month as I was ahead on payments and opted to skip one
4. Pay off my student loans $6122 balance (about 4.6% interest) -> down to $6044
5. Pay off Dh's student loans $15145 balance (in deferment) -> no change
Overall, like I said, a bad month. Here's hoping next month is better!
Goals update
October 25th, 2006 at 02:13 am
October 25th, 2006 at 02:52 am 1161741159
October 25th, 2006 at 02:35 pm 1161783329
Anyway, no. 3 on your list concerns me. Have you confirmed with your lender that they don't actually need to receive a payment EACH AND EVERY MONTH? Even if you've paid ahead??? Some of them want cash coming in each month, even if you've already paid and sent in the October & November pmt. w/coupon, etc. some still want a payment on the books during the next monthly cycle. I'm not sure if I'm explaining it correctly, but I'd double-check this for myself just as not to incur a penalty.
October 25th, 2006 at 05:58 pm 1161795533
October 25th, 2006 at 06:27 pm 1161797246