Thanks, savvymoney!

[shygracie]

It does work! I joined in September and I can see it working. I've shortened by debt payoff date by one month! It's really helpful to see how much debt I've paid off and I love it when I get my weekly reminders of payments that are due in the next two weeks and I've already paid them. I'm working on getting my credit card balances down to 50% of my credit lines.

Another thing I like in the debt paydown plan is that any purchases I make on a credit card automatically goes on the stay-on-track payment. That is a great reinforcement for me not to spend unless it's necessary.

Thanks, again.

[ThriftyMan]

Shygracie

Thanks so much for the kind words. They mean a lot.

You're doing a lot of things well. I love that you're paying early. It's human nature to sit back and wait to make a payment until it's due. But if you're incurring interest at >20%, that's pretty expensive--if you have the cash and are just waiting to pay it, you're costing yourself a lot of money. Sounds little, but it adds up over time.

I'm also glad that you like the purchases / stay-on-track payment. Sometimes it's easy to focus on the positive (making payments) and forget that we're charging on the back-end. We'll be doing more with purchases and transactions and should be releasing that soon.

Thanks so much for the kind words!!! Good luck with getting out of debt--sounds like you're doing a great job!