October Financial Update

Debt August 1st October 8th Difference
Chase 535.59 0 -535.59
Capital One 3427.08 3455.18 +28.10
Discover 5113.44 5109.09 -4.35
Perkins Loan 3603.96 3513.31 -90.65
Nelnet 13842.88 13795.55 -47.33
Total 26522.07 25873.13 -648.94

The numbers probably don’t look as low as they should since I missed a monthly update, but I haven’t yet made this month’s payments to these accounts. Capital One went the wrong direction because that’s the card I used to pay to check my baggage while I was traveling last weekend. I think I also charged one meal to that card while in Orlando. I get paid tomorrow though, so I’ll be able to make my monthly payment + the extra and get that card moving back in the direction it is supposed to be going.

As you can see, I did in fact get the Chase card paid off in August. Woohoo! I haven’t yet been able to snowball the money I’d been paying towards that card though. In fact, I probably won’t be doing that until at least January. First, I used the money I freed up to buy some Christmas presents, and then to finance my trip to Florida. I have a lot of things that require money between now and the end of the year (such as the rest of the Christmas presents, car insurance, and the registration for my car) so it is unlikely I’ll be doing anything more than making minimum payments. I need to sit down and map out a budget for the next few months to make sure I can pay for the things that I need to, and finish buying Christmas presents without tapping into any of my credit. It will probably be rather tight (I spent too much money in the week before I left for Florida), but I should be able to make it work.

Assuming I quit buying things for my iPhone since it already upped my cell phone payment by $30/month. Oh… did I forget to mention that I bought an iPhone and it’s expensive data plan while I’m still not out of debt? Hmm… must have been an oversight on my part. ;) I’ll keep you posted on my progress!

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