Wednesday, November 26, 2008

Fourth Week of November Update: Thanksgiving Edition

Well, it is done.  Three thousand two hundred forty-nine dollars and sixty nine cents later, we have PAID OFF THE AMERICAN EXPRESS CARD!!  This was the card with our highest balance, over $10,000, when we started this process less than 2 years ago!

We have so very much to be thankful for – in a time of economic distress around the country, we were able to hold down two jobs each and totally blow away our goals and completely pay off a credit card!  We now have less than $4,500 worth of credit card debt, and have less than $43,000 combined.

With the wife pregnant, and her second job disappearing, I expect that our last 4 debts will take a while to knock out, but it is worth it to just get rid a card that I have carried a very high balance on for over two years.

We beat our goal this month by over $1,200, due mostly in part to our secondary jobs making more than anticipated.  Probably sometime after Thanksgiving, I’ll write down our December goals, but I can already tell that it isn’t going to be near as aggressive as November was.

Stay tuned & Happy Thanksgiving!!

3 comments:

  1. What a great Thanksgiving report. I always enjoy reading your updates.

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