Our credit card is the first debt that I have decided to snowball. It has the lowest balance and also the highest interest rates. So I am quite excited to say that it will be paid off in the next few weeks 
The bank obviously doesn’t like this. Received a letter in the mail to offer a extra limit on the card of an extra amount of 1,300 dollars. I did rip in up and put it in the bin. There was no option to reduce the limit! There has been this option in past letters we have received.
Our next debt to pay is our persona loan and I can’t wait until that is cleared. If we use the snowball method it may be cleared in 8 months. Found out about the snowball method on the simple dollar blog. It is a great resource. Especially for a person who does now much about figures. The sight of heaps of numbers and a graph can make me physically ill! Didn’t do well at maths at school.
But it is hard to live frugal and watch every penny. Summer is coming in Australia and I love shopping for clothes. My sons birthday is coming up and Christmas.
1 Comment
September 3, 2008 at 9:45 pm
I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.
Tim Ramsey