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Debt tally update

October 22nd, 2005 at 07:24 am

I last added up our cc debt on September 15. That day it was $4527. As of today, it's $4210, for a net reduction of $317 in about 5 weeks. I don't think that's too bad, especially since I had to charge that additional $500 car repair bill. On the negative side, I can't remember the last time I had to actually pay interest--but this month I ended up paying $6 to Citi because I didn't have quite enough to pay it off completely by the due date. Here are the details, to keep me honest--

Firestone - $427 (0% runs out in December, want to pay off asap)
Citi - $20 (paid off balance with an extra payment, this is new gas purchase)
Discover - $2874 (0% til next spring)
Sony - $889 (0% for another 11 months)

What I'm trying to do is kind of let the Sony balance build up and start paying down extra on Discover. Assuming I won't be able to pay off the Discover by the end of their 0% period, I'll want to do a balance transfer to the Sony card--but they charge a 3% BT fee. So the lower the balance is at that point, the lower the fee.

OTOH, I don't want to miss out on the cash back from Citi. So I'm using it where they offer the 5% back (grocery stores, gas and drugstores) and using the Sony everywhere else.

I'll try to report back on this in another 4 weeks. It helps to add the figures up once in a while, and see the big picture.

I'll be so glad when it's paid off and I don't have to do all this juggling.

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