Well, I have been faithfully paying the minumum + finance charge to the American Express Blue which has 3.99% interest for life of balance transfer repayment. The balance is presently at $9,315.00.
I want to pay off half of the debt by December. I got a balance transfer check (0% through December 08 and no transfer fee). I moved $4,000.00. I plan on NOT paying ANY interest on this and have reworked by budget for June to meet my goal.
This is definitely a commitment to debt reduction. Scary, but now I've got regular credit card interest if I don't reach my goal!
Commitment to tackling $4k debt by December08
April 7th, 2008 at 02:31 pm
April 7th, 2008 at 05:32 pm 1207589560
It’s good to have a little fear and feel a little uncomfortable. I find it keeps me motivated and focused. I have a feeling you are going to crush this goal and may find that it’s not ambitious enough.