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Author: zoramae Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308547  
Subject: February Update Date: 3/1/2008 1:44 PM
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Link to previous post: http://boards.fool.com/Message.asp?mid=26340021

February update:

1/31/08 2/29/08
Chase 1 (me) 0% exp 4/08 $6,754.00 $0
USAA (me) 0% exp 5/08 $27,536.00 $27,414.00
AT&T Univ (me) 2.99% $3,043.61 $2,971.38
Chase 2 (DH) 3.99% $16,300.00 $16,000.00
Chase 3 (me) 4.99% $28,946.39 $28,490.28
Family Loan (DH) 5.5% exp 9/09 $12,365.59 $12,365.59


TOTAL DEBT $94,945.59 $87,241.25


EFUND $19,118.93 $13,868.82


NON-RETIREMENT INVESTMENT $50,500.00 $57,737.25


We had significant home repair expenses this month, so didn't make as much progress against the debt as we'd hoped. We also found out we have a 2007 tax liability in the $5,000 - $6,000 range, so we're holding on to that amount in checking (not reflected in the amounts above) until we know exactly how much it is. We did retire the 0% expiring in April a little early at AJ's suggestion in hopes it might get us a BT offer we can use for the USAA 0% expiring in May. If not, the no-emotional-baggage-attached side of our family has offered to transfer the full USAA balance to one of their unused cards at 2.99% til Jan 09 + $75 fee (we would make the payments on their card, obviously).

I also sold some stock this week (it was time to sell), so we have $21,609.09 in transit (accounted for in the non-retirement investment total above). With that, we're going to retire the family loan at 5.5% and send the rest to Chase 3. I never got around to answering AJ's post last month, but the current family loan is from the emotional-baggage-attached side of the family, so we want to get rid of it asap.

We are not recording every purchase, but we have started eating most meals in (used to be the other way around), which has definitely helped. It's encouraging to see the number of accounts decreasing ( easier to keep track of, too). Trudge trudge trudge.
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