My friend PT over at Prime Time Money was kind enough to tag me with the “Single Step Personal Finance Challenge” created by Mrs. Micah. I have recently built up an emergency fund, and my next personal finance goal was to eliminate all of my credit card debt. But to be honest, I have slacking a bit over the last couple of months, and, although I have been paying a little more than the minimum , and my CC debt has decreased, I have not set up a detailed plan to reach my goal of eliminating my credit card debt.
So thanks to PT and Mrs. Micah, my single step personal finance challenge will be to work on an detailed, aggressive credit card debt reduction elimination plan. I want to lay out a plan for how I am going to eliminate this debt, and when I will have it gone. I plan on an aggressive reduction plan, and will set up at least monthly goals, if not bi-weekly or weekly. I am going to work on this over the weekend, and will share it with you early next week.
I am going to tag Andy at Saving To Invest, Pete at Bible Money Matters, and Ashley at Wide Open Wallet to see if they want to play along. Anyone else who wants to take a “Single Step”, let me know with a description or link in the comments!
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PT 07.17.08 at 10:06 pm
Can’t wait to check out the elimination plan, RC. Way to go.
Andys 07.18.08 at 2:11 pm
Count me in!