Let’s All Throw Some Money at Our Problems: October Check-In
Has a month gone by already? It’s time to check in with our debt payments. If you’re joining us for the first time, you can read about our decision to publicly keep track of our debt here. Please join us if you like—we’re all in this together.
Logan is paying off her J. Crew Credit Card, which currently has an APR of 24.99 percent, and a minimum monthly payment of $29.
Sept. 2012 Balance: $497.30
Oct. 2012 Balance: $282.74
Logan paid much more than she usually does this month because she moved and sold her six-month-old queen size mattress to the person moving into her old room for $200, and decided to apply that money to her J. Crew card. (She’s now sleeping on a twin size mattress she bought from Ikea for $79.)
I’m paying off one of my Sallie Mae Private Student Loans, with a current interest rate of 4.5 percent, and a minimum monthly payment of $55.
Sept. 2012 Balance: $1,402.33
Oct. 2012 Balance: $1,334.69
Give us your updates below. If you pay off a debt, email me, and I’ll mail you a personal note to congratulate you. (I know I have a few outstanding notes to send to a few of you—they’re coming soon, I promise!)
See previous months here.