Monday, August 2, 2010

First Month Debt Reduction

So couponing isn't going to eliminate my debt alone, but it will help me put in that extra bit on any current debt.  I've decided that I will tackle my bad debt first (along with keeping up with my car payments and student loans).  I previously reported an estimate of my bad debt (credit cards)...but I was off a bit.  I actually owe a bit more than I first reported.

Because I get paid at the end of the month, my August update is already here (one week after I started couponing).  I'm pleased as punch to see my progress...and happy to see that my additional $100 in savings from couponing have already gone to helping pay off a debt. 

Here is my August 2010 update (smiling with pride).  I'm hoping to be free of this debt by my next birthday (January).  Wish me luck!


Account July Debt August Debt
1 323.64 223.64
2 1888.52 1813.52
3 2434.46 2434.46
4 200 0 paid in full
5 400 0 paid in full
6 274.75 0 paid in full
7 260 0 paid in full

5781.37 4471.62 23% reduced

No comments:

Post a Comment