“March, 2008” Archive
Mar
16
I have finally updated the Debt-O-Meter to reflect where I am as of today. I’ve done pretty well but not as well I would have liked. Over the course of the past months I must admit I used my credit cards twice to pay for trips to visit my daughter out of state. Do I regret that….absolutely not. By the end of April, I should be very close to having paid of nearly 10K in credit card debt, which is realistically about where I expected to be. Over the next 12 months, I am going to be making a very significant effort to pay down the debt as quickly as possible, while doing things like saving for retirement and building an emergency fund. Nearly all of my debt is at 0% interest so it doesn’t make much sense to me to divert money I would otherwise use for retirement or an emergency fund to paying off 0% credit card debt. Thoughts?
