No. of Recommendations: 9
Here's my self-motivational update for this month. Thanks to a windfall, we were able to add $400 to the snowball this month. We also paid off a recurring bill that will add $100 to the snowball every month.

9/05 5/06 6/06 rate
Misc cards $16,142 - -
BOA - $ 1,823 $ 1,804 0% Sep '06
Discover1 - $ 5,867 $ 5,749 0% Feb '07
Discover2 - $ 2,431 $ 2,382 0% May '07
Total CC $16,142 $10,131 $ 9,935
E/debt fund 0 $ 1,853 $ 2,774
Net CC $16,142 $ 8,278 $ 7,161 Payoff to date $8,981 or 56%

Car1 $ ? $22,141 $21,546 5.9% fixed
Car2 $ ? $27,300 $26,978 4.9% fixed
Total Car $56,029 $49,441 $48,524 Payoff to date $ 7,505 or 13%
Grant Tot. $72,171 $65,997 $55,685 Payoff to date $16,486 or 23%

I expect to have enough money stored in Emigrant "emergency and debt fund" to pay off the cards by March, but will pay each just before the 0% expires. My rough calculations say that snowballing to Emigrant rather than directly to the cards should move my payoff up 2 months. Definately worth the extra recordkeeping.

I have to say, this a really long and boring point in this paydown. I can't juggle any more interest rates. I can't cut major budget items without really feeling the effects. There's no way to accelerate it, so I just have to hang on for the duration. The end is in sight, but can't it just get here already???

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