Tuesday, August 18, 2009

Interest Paid

In reporting how much I have reduced my debt by this past year, 1I didn't mention how much interest I paid. ( I don't like to think about that!) To get rid of denial, I added the interest I have paid for one year. I won't go back any further--too painful. It looks like I have paid over $300 in interest during the past year. Two more months of credit card debt and then no more interest paid. Instead I'll be earning interest on my savings.
On a more positive note, last month I actually earned more interest in savings than I paid to the credit card. Just a little bright spot...Light at the end of the tunnel!

4 comments:

Money Funk said...

Ah...that's nothin'! I pay $130 interest just on one credit card. Oh did I mention it's per MONTH I pay that? ;)

jpkittie said...

that is pretty sweet - I honestly would throw up if I tallied my interest up!!!

Sharon said...

Ah, I get sick when I look at the interest I'm paying on my mortgage! Oh how I wish that was paid off!!!

notesfromthefrugaltrenches said...

That is light at the end of the tunnel, well done you!