October 7, 2008

Paying Off Old Debt

Today I was able to put an extra payment towards old debt. One of the credit cards that I've been paying off from my previous marriage is now down to a $700 balance! Prior to that it was at $760, so I paid the $60 down plus the $9.00 interest rate to make it to the balance it's at now.

I am so very excited and cannot wait to get all of this old debt paid off! It is always a great feeling when you don't have to take your entire paycheck and pay it towards credit card bills! I am hoping to be able to pay extra towards another credit card next week, but we'll see how it goes. We'll still need money for the holidays and a trip to Oklahoma, but there may be room for debt reduction as well.