I’m still not quite ready to share our debt total, but I am ready to talk about it.
We only have one credit card. (For pretty obvious reasons as we aren’t responsible with credit.) For the first time in our adult lives, however, we have exceeded our credit limit. And we have a very high credit limit!
Our April statement was $1105.68 over our credit limit. Sad to say, I think it might just have been the kick in the pants we needed. We are not proud of it, but it shocked us in a way nothing else has! By our May statement, we were still $465.13 over our limit. Still over, but after interest, we paid off $640.55. We have continued to make progress. With the payments we have already made this month, we are below our credit limit. We aren’t below it by much, but we are making progress. Currently, we are $124.88 under our credit limit.
Throughout this billing cycle, we have 3 more opportunities to put money towards our debt. We have budgeted another $1784 to go towards our debt by the time this cycle ends. (May is a very expensive month for us! We have 2 birthdays, an anniversary, a high school graduation, and an out-of-town wedding.)
I’m just happy we are back under our credit limit. And hoping that we will continue to make decent progress each month.
May 19th, 2022 at 09:42 pm 1652992956
May 21st, 2022 at 12:14 am 1653088488
May 21st, 2022 at 08:01 pm 1653159694
May 26th, 2022 at 01:46 am 1653526008