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Just an update on the 'Get Out of Debt plan'.

January Numbers

Signature Loan 12.5%: $10,000
Master card 7.9%: $11,588
Bank Visa 9.9$: $0
Chase Visa 10.9%: $0
Total debt $21588
Credit Score 771

July Numbers

Signature Loan 12.5%: $4308
Master card 7.9%: $6502
Bank Visa 9.9$: CLOSED
Chase Visa 10.9%: $0
Total debt $10808
Credit Score 787

That's $10780, or roughly half of the debt paid off.

I had to get some troublesome trees removed from the front yard (one was pushing on the water main and the other was growing into the power lines on my property (not on the street, where the power company would cut it). I had to replace a 23 year old toilet from the guest bathroom and I needed new tires. While that was money that didn't go to the debt they all saved me from some potentially bigger bills down the road.

This is my last full month of GI Bill benefits, so I will not be able to pay as much starting in August. I will look for more places to cut costs. I already switched to a lower price phone plan and I am mowing my own lawn, rather than paying the kid down the road. Little things add up.

Now that the credit card is paid down to a less embarrassing amount, I am going to hammer away at the higher interest rate loan. I'll pay $200 a month to the credit card, and every other free penny will go to the loan. By my math, the loan should be paid in full by the first of December. Then I will start putting every extra penny to the credit card, and it should be at a $0 balance by April. Fingers crossed I don't have any other home or car maintenance issues.

I'm so looking forward to April.
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