Where the numbers stand.
We did better than I anticipated for August. We are still waiting on those balance transfers to take place. We opened a new account solely for this purpose, and that is what takes longer. The card is already in our possession, not that I felt the need for a physical card as we will never use it for purchases. It was strictly the 21 months at zero percent that we were after.
As for the numbers, I base this report on what is owed, not what is in the pending stage with transfers. I knew it wasn’t going to be a stellar month, but even so, we managed to reduce our debt by $1,026.74. Our total debt reduction for the year now stands at $11,494.98. That is a lot of money debt paid off in eight months!
I’m not entirely sure what September’s numbers will bring. We are working hard at paying off our smallest debt which is now at $3,406.46. We are doing this so we can take advantage of yet another balance transfer offer. By getting all of our remaining debt at zero percent or lower interest rates, we will not only save a lot of money, but it will also help us reach our goal of becoming debt free much sooner. We can absorb the transfer fees to save far more in interest.
What changes did you see financially in August?