Let’s All Throw Some Money at Our Problems: July Check-In
It’s that time of the month again! (I was going to make a lady joke here, but changed my mind.) Last month, we decided that each of us would publicly keep track of one debt, and that we’d check in every month to see how much we’ve paid off. Let’s get to it.
Logan decided she would start with her J. Crew Credit Card, which currently has an APR of 24.99 percent, so her $29 min. payment didn’t go very far.
June 2012 Balance: $567.20
July 2012 Balance: $550.12
Mike is starting with one of his Sallie Mae Private Student Loans, with a current interest rate of 4.5 percent.
June 2012 Balance: $1,635
July 2012 Balance: 1,559.61
Your turn! Give us an update in the comments section. Also, if you’ve paid off something in full, feel free to send Mike your mailing address. He’ll totally make and send you a nice note to congratulate you.