First let me thank my readers for keeping me honest. Sometimes I think you guys are too easy on me but I know I have a ways to go before I can consider myself financially responsible. That being said, even with the shaky job future, I am optimistic that my short term debt is finally being paid off, I am cutting expenses, and sticking to a budget.
So here's where my money will be going for the next two weeks:
Starting Balance = $1146
Emergency Fund - 50
Friend C - 60
Credit Card - 100
Aunt Sallie Mae - 406
Defaulted Student Loan - 260
Nice Collection Agency - 125
Groceries - 50
Misc. - 95
I sent off $100 to my credit card today. I only owe $45 now! I was going to pay the whole balance but I wanted to wait a few days and figure out what my expenses really were for the next two weeks and where my priorities should be.
I am finally going to pay back my friend. It's kind of a weird situation and I know I should have done it sooner.
In the meantime, I have a question for my readers....when I do pay off my entire credit card balance - hopefully soon - do you think they will contact me about increasing my line of credit? Or should I ask them to? Or at least lower my rates? I've had a shady history with them but have been diligently paying at least the minimum for the last 8 months and more than the minimum for the last four months. Any advice would be appreciated. I'm not a fan of credit cards but having this one open is pretty much the only means I have of increasing my credit score.