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my debt on the 0% CC

June 15th, 2022 at 09:10 pm

I have 2 0% credit cards right now, one I put on my A/C and the other I just put property taxes on.  I have until Feb and March 2023 to pay them off.  

Blue Amex 0% March 2023 $6041 - paid $2k today , $4041 balance

Wells Fargo 0% Feb 2023 $18,864 - paid $2k today, $16,864 balance

It's a lot more debt than I am hoping to carry.  I did use the DH's extra paycheck this month but basically it paid for our lawyer bills for setting up our will and trust.  That was $8800 paid for on a CC in full.  Everything else I've paid ahead basically.

Now how to pay off everything in 6 months?  I owe $20k in 6 months.  Ugh and yikes.  Our property assessed value went up 40% in 1 year from 2022 to 2023 so I'm a bit nervous about what that might do to our property taxes.  But I have $8k set aside for property taxes and auto insurance etc in August.  Guess I'll be posting on here to keep me honest.  I guess my goal will be paying off the $4k blue by august.

 

2 Responses to “my debt on the 0% CC”

  1. rob62521 Says:
    1655662101

    It's great you can make payments on the zero interest credit cards so it eases your burdens.

    Our property taxes went up $800 this past year and was up over $200 the following year. Granted, that's a drop in the bucket compared to what you have, but housing in Central Illinois isn't as expensive as other parts of the country and wages aren't as good either.

    I'm sure you'll figure out ways to get the debt paid down; sounds like the other things were necessary so it wasn't like you were out spending foolishly. I have faith you'll figure out a way to pay it off!

  2. LivingAlmostLarge Says:
    1655841927

    Oh the lawyer was the budget breaker. I had earmarked that $8k for the furnace. Sometimes being responsible sucks.

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