5.15.2009
To put myself in a better position to get a home loan, I took Suze Orman's advice and started aggressively paying down my credit card with the highest interest rate. So, all my tax refund and Christmas money went towards my debt on that card.
Now, I just have one more card to deal with and I've also been making multiple smaller payments per month on that card. It's nice now to be able to put all my credit payments in one place instead of splitting it between two.
Last Fall, I started tracking and graphing my balances to encourage me to pay my cards off. When I was doing it in my head I thought I was paying down my debt, when in reality it was more moving it around between cards. It was really helpful for me to see it in black and white.
It also helped to stop using the cards all together (duh).
Ugh, to think of all the interest I paid on stuff I bought two years ago.