Life has changed SO much since the last time I wrote! I am married now to the love of my life and the most amazing man I have ever met.
We have decided we are going to become debt free so we sat down and entered all of our information into a free excel sheet that I found online.
We choose to do the avalanche method. That is where you pay off your highest interest rate cards first. Here is a snap shot of our plan.
So yes it will take us some time but I will keep everyone updated :)
We have decided we are going to become debt free so we sat down and entered all of our information into a free excel sheet that I found online.
We choose to do the avalanche method. That is where you pay off your highest interest rate cards first. Here is a snap shot of our plan.
| No. | Month | Snowball | Additional | Citi #2 | Citi #1 | Discover | Chase | Captial | Marriot | Loan | Car | END BALANCE | |||
| Aug-15 | 51937.81 | ||||||||||||||
| 1 | Sep-15 | - | 500.00 | 275.00 | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 50761.41 | ||
| 2 | Oct-15 | - | 500.00 | 275.00 | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 49567.35 | ||
| 3 | Nov-15 | - | 500.00 | 275.00 | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 48355.26 | ||
| 4 | Dec-15 | - | 500.00 | 275.00 | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 47124.80 | ||
| 5 | Jan-16 | - | 500.00 | 275.00 | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 45875.59 | ||
| 6 | Feb-16 | - | 500.00 | 275.00 | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 44607.24 | ||
| 7 | Mar-16 | - | 500.00 | 275.00 | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 43319.36 | ||
| 8 | Apr-16 | - | 500.00 | 275.00 | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 42011.58 | ||
| 9 | May-16 | - | 500.00 | 275.00 | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 40683.47 | ||
| 10 | Jun-16 | 97.63 | 597.63 | 156.37 | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 39355.61 | ||
| 11 | Jul-16 | 254.00 | 754.00 | - | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 38007.04 | ||
| 12 | Aug-16 | 254.00 | 754.00 | - | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 36637.25 | ||
| 13 | Sep-16 | 254.00 | 754.00 | - | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 35245.81 | ||
| 14 | Oct-16 | 254.00 | 754.00 | - | 88.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 33832.29 | ||
| 15 | Nov-16 | 332.42 | 421.58 | - | 420.42 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 32396.21 | ||
| 16 | Dec-16 | 754.00 | - | - | 842.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 30938.37 | ||
| 17 | Jan-17 | 754.00 | - | - | 842.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 29459.91 | ||
| 18 | Feb-17 | 754.00 | - | - | 842.00 | 25.00 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 27960.48 | ||
| 19 | Mar-17 | 754.00 | - | - | 765.83 | 101.17 | 100.00 | 230.00 | 191.00 | 350.00 | - | - | 26439.69 | ||
| 20 | Apr-17 | 842.00 | - | - | - | 758.25 | 208.75 | 230.00 | 191.00 | 350.00 | - | - | 24897.50 | ||
| 21 | May-17 | 867.00 | - | - | - | - | 953.37 | 243.63 | 191.00 | 350.00 | - | - | 23336.81 | ||
| 22 | Jun-17 | 967.00 | - | - | - | - | - | 1197.00 | 191.00 | 350.00 | - | - | 21758.02 | ||
| 23 | Jul-17 | 967.00 | - | - | - | - | - | 1197.00 | 191.00 | 350.00 | - | - | 20162.47 | ||
| 24 | Aug-17 | 967.00 | - | - | - | - | - | 1197.00 | 191.00 | 350.00 | - | - | 18549.95 | ||
| 25 | Sep-17 | 967.00 | - | - | - | - | - | 1197.00 | 191.00 | 350.00 | - | - | 16920.25 | ||
| 26 | Oct-17 | 967.00 | - | - | - | - | - | 1197.00 | 191.00 | 350.00 | - | - | 15273.17 | ||
| 27 | Nov-17 | 967.00 | - | - | - | - | - | 1197.00 | 191.00 | 350.00 | - | - | 13608.48 | ||
| 28 | Dec-17 | 967.00 | - | - | - | - | - | 419.89 | 968.11 | 350.00 | - | - | 11925.98 | ||
| 29 | Jan-18 | 1197.00 | - | - | - | - | - | - | 286.28 | 1451.72 | - | - | 10231.33 | ||
| 30 | Feb-18 | 1388.00 | - | - | - | - | - | - | - | 1738.00 | - | - | 8529.99 | ||
| 31 | Mar-18 | 1388.00 | - | - | - | - | - | - | - | 1738.00 | - | - | 6822.56 | ||
| 32 | Apr-18 | 1388.00 | - | - | - | - | - | - | - | 1738.00 | - | - | 5109.01 | ||
| 33 | May-18 | 1388.00 | - | - | - | - | - | - | - | 1738.00 | - | - | 3389.32 | ||
| 34 | Jun-18 | 1388.00 | - | - | - | - | - | - | - | 1738.00 | - | - | 1663.47 | ||
| 35 | Jul-18 | 1388.00 | - | - | - | - | - | - | - | 1669.43 | - | - | - | ||
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