Our last debt repayment report was January 5th, so here is the progress we have made since then:
The current balance and the change in balance since the last report are:
Business credit card: $1,805.89 -2,104.74
Personal credit card: $11,776.41 -128.78
My student loan: $6,010.80 -156.73
Husband’s student loans: $31,110.47 -25.54
Total: $50,703.57 -2,415.79
When we became Gazelle Intense on October 20, 2011, our balance was $57,966.01. Since then, we have paid down 12.5% of our debt, or $7,262.44.
I am going to start further breaking down our debt. Our first priority is paying off the credit cards. Since October 20, 2011, we have paid off 33% of our credit card debt, or $6,734.33.