Starting June 2007 we put our house on the market. One thing it needed was some new carpet in one of the upstairs bedrooms where the cat's litter box resided. Also, we were expecting baby #2 and needed to set up the nursery and a big girl bedroom for Grace. We decided in January (when we were letting our MLS reset) to paint and recarpet the upstairs hallway, Grace's new room, and the stairway. Because we didn't want to wait on our tax return, we did a 0% interest loan for the carpet and added $598.89 to the debt. As a result our February statement balances were:
1) Kohl's Card - PAID OFF
2) Nelnet (Jen's Student Loan) - PAID OFF
3) HH Gregg (Refrigerator) - PAID OFF
4) Nelnet (Eric's Student Loan) - PAID OFF
5) Toyota Financial (Jen's Car) - PAID OFF
6) Rite Rug (Carpet) - $598.89 - 0% (12 mo.) - $0 min payment
7) Bank of America (Credit Card) - $7,879.11 - 21.49% - $226 min payment
8) Firstmerit Bank (Eric's Car) - $11,199.66 - 6.5% - $399.96 min payment
9) Bank of America (Credit Card) - $21,990.30 - 18.24% - $582 min payment
10) National City (Home Equity) - $24,148.58 - 7.75% - $154.04 (interest only payment)
TOTAL DEBT = $65,816.54 TOTAL PAYMENTS = $1,362.00 TOTAL REDUCTION = $17,848.23
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