Credit card balance: $1,589.25
Interest rate: 10.24%
Minimum payment: $33
It will take you 60 months to pay off your credit card.
"Give no sleep to your eyes, nor slumber to your eyelids. Deliver yourself like a gazelle from the hand of the hunter, and like a bird from the hand of the fowler" (Proverbs 6:4-5).
Hubby and I have been following Dave Ramsey's baby steps for three years but suffered from several job losses as well as a temporary lack of discipline. Sorry, Mr. Cheetah. This gazelle has woken up and taken off running!
Our goal: to pay off the entire $1,589.25 balance by the end of November.
Ambitious? Yes. Doable? Yes. With much scrimping, a ton of contract hours, and some dedication, we'll be waving goodbye to Mr. Cheetah. Sorry, but we're no longer a willing dinner!
Motivation courtesy of bankrate and Dave Ramsey.