That time has arrived again: time for the monthly State of the Debt report. Numbers first, thoughts second…
| June 1′07 | July 1′07 | Change | |
| EVERYTHING We Owe | |||
| Credit Card Debts | |||
| Chase | $18,936.70 | $22,219.09 | $3,282.39 |
| Other Debts | |||
| Home Mortgage | 39,217.94 | 39,164.74 | (53.20) |
| Low Energy Loan | 16,119.72 | 16,002.18 | (117.54) |
| Line of Credit | 32,742.76 | 28,656.43 | (4,086.33) |
| TOTAL Liabilities | $107,017.12 | $106,042.44 | ($974.68) |
You may have noticed a big jump in the credit card balance, but nothing to worry about here. I just took advantage of another 4.99%-for-life balance transfer offer. Somehow, no balance transfer fee was attached to this particular offer or I wouldn’t have taken advantage of it. And, as always, if Chase decides to misbehave, I’ll just transfer it back to the line of credit. In the meantime, I’ll take advantage of the cheaper debt.
Hey, whaddya know, for the first time in a three months, a smaller final total makes an appearance — to the tune of almost a cool thousand bucks less! Too bad the true progress is actually poorer than those months where the overall total was on the way up. May and June’s bottom line may have increased, but only because pre-existing renovation bills were arriving; the true balance dropped over $1,800 each month. No bills arrived this months, so the $975 reduction is pretty anemic by comparison. I’m going to have to go over our budget, see what slowed us down this month.
But at least we’re continuing in the right direction…
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Hi, I’m jumping here from the No Nofollow | I Follow | DoFollow Community at Bumpzee.
Let me just say you are braver than me. I doubt I would be able to stand it if I did this type of comparison.
Susan from LifeIsRisky.Com
Glad to see you’re still headed in the right direction
I respect you for making such a post, good luck to you in the future.
Great to see the progress on getting debtfree you are making. $975 is a great accomplishment in my book! It is more progress than I made this month!
Reading this post makes me think about all the debt that I am in and the changes I need to make to sort my life out!
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