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Debt Snowball Increase

August 12th, 2018 at 06:55 am

(Numbers updated for those who asked about it.) At the end of June, our debt snowball was at $204. Since then, along with debts paid off, I added subscriptions that I canceled. This month I added $37 from paying off my iPhone, and we got our first combined cell phone bill, which saved us $63/mo. As bizarre as it seems, the combined bill is .26 less than my husband's individual bill was. It pays to take some time to really go over what you need for a plan.

Anyway, with those two amounts added, we are now at $439 for a debt snowball. The next debt is only $343, and I paid the extra $63 from the phone bill to it, as well as $25 from the pawn shop. It's now at $255.

**edited to add: just realized I had $32 left in my tolls category, but with my new job, I won't be paying tolls. Put that on current debt, which is now at $223.

The next debt is only $320, so between the leftover debt snowball, and a giant yard sale I am having with my family in a couple weeks, I'm hoping to see that debt gone this month too. I'll have some unusual bills to cover though, so I don't know if we can do it; I'm going to try.

5 Responses to “Debt Snowball Increase”

  1. rob62521 Says:

    It sounds like you are working hard to figure out creative ways to pay off your debt. Bravo!

  2. melissalt Says:

    Yes. Thanks! Once I started seeing 0s in my account column, and had a nifty chart on the refrigerator with all my debts listed, paying them off earlier than the original three year plan has become somewhat of an obsession!

  3. LuckyRobin Says:

    Charts and graphs are good. They really help you see it.

  4. crazyliblady Says:

    You are on fire with this debt payoff thing. Congrats and keeping going.

  5. melissalt Says:

    Thanks! I've been keeping track, and the yard sale with my family next weekend might put me over the top--two debts paid the month, which I never thought would have been possible.

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