Taking babysteps – One « Money matters

Taking babysteps – One

Posted by moneymatters on April 18, 2008

I have reached the milestone that I had set forth for the first quarter of this year!! Yipeee!!!

Paid off my CC with the highest balance

Now I am working on the following milestone

Emergency fund – raise it by $2500

Cash fund – raise it by $1000

Pay off the loan of $300 that I have in my camera purchase account.

This entry was posted on April 18, 2008 at 6:48 pm and is filed under credit cards, finance, money, saving money. Tagged: credit cards, finance, money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

joetaxpayerblog said

April 18, 2008 at 11:36 pm
You will do best by paying the card with the highest interest rate first, no matter the balances. $100 paid against a 20% card is $20 saved each year (duh) but against a low rate card, may be half that. Debt snowballs aside.
Joe
flashy said

May 30, 2008 at 7:40 am
Flashy says : I absolutely agree with this !