January Status Report

One year has passed since we started our debt free life plan...I think, all in all, we've made good progress, although it has slowed down of late. We are just going to keep plodding through this...Below is our status:

1. CitiCards (Amex) $8,575.42
2. BofA CC $3,657.98
3. BofA LC $38,084.26
4. CitiCards (Student Visa) $2,362 Settled 1/09 35% of balance owed!
5. USAA $12,467.66
6. WAMU/Chase $1,102.49 Settled 10/09 50% of balance owed!
7. Capitol One $1,663.79 Settled 8/09 40% of balance owed!
8. Chase Cards $1,374.46 Settled 3/09 50% of balance owed!
9. Credit Union CC $1,402.56
10. Victoria's Secret $242.45
11. Car 1 $3,503.10 Sold 10/09
12. Car 2 $10,984.12
13. Harley $2,400
14. Bally's $424.80
15. Discover Card $9,361.86

Total Debt Remaining $87,601.11

In our first year, we have managed to pay off $22,722.07. I don't think that's too shabby, but we still have a lot of work cut out for us with $87,601.11 left to pay off next year in order to fulfill our plan. Wish us luck and have a happy and debt free new year!

December Status Report

Not much has happened lately with the debt. We are saving up for another big settlement and just slowly working our way through this. With every payoff, we free much needed cash flow and we expect that our progress will quicken with a just a couple more settlements. Wish us luck! Here is our debt status:

1. CitiCards (Amex) $8,675.42
2. BofA CC $3,657.98
3. BofA LC $38,084.26
4. CitiCards (Student Visa) $2,362 Settled 1/09 35% of balance owed!
5. USAA $12,593.66
6. WAMU/Chase $1,102.49 Settled 10/09 50% of balance owed!
7. Capitol One $1,663.79 Settled 8/09 40% of balance owed!
8. Chase Cards $1,374.46 Settled 3/09 50% of balance owed!
9. Credit Union CC $1386.18
10. Victoria's Secret $242.45
11. Car 1 $3,503.10 Sold 10/09
12. Car 2 $10,984.12
13. Harley $3,000
14. Bally's $424.80
15. Discover Card $9,557.86

Total Debt Remaining $88,606.73