March Update, the numbers
Mar.22, 2008 in
Debt Reduction
I said yesterday I would go ahead and update you with the numbers, and here they are. I know it’s not the end of March yet, but it is the end of the paychecks that I will get in March. I know there are small amounts of cash coming in before the end of the month, but not enough to make a huge difference.
So here are my numbers. As you can see, a whopping near 4% reduction in debt in my first month ;) Ignore the #DIV/0! errors, I’m still getting a handle on spreadsheets.
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March 22nd, 2008 at 8:21 am
Great job! I got rid of Capital One this month too :) It feels great to start eliminating debts - plus keep your eye out for low APR transfer rates. Capital One is usually willing to offer transfers with no fees when they see a $0 balance…
March 22nd, 2008 at 9:49 am
Keep up the good work! The cool thing is, the same amount of money makes more impact as your balances shrink.
As for the #DIV/0! error, there’s a way… I know it. Whenever Excel gives me grief, I see it as a challenge to work through.
March 22nd, 2008 at 11:41 am
Wow Mike! Over $2000 in debt knocked out in one month. That is so awesome. As that old Gatorade commercial says “I want to be like Mike!”
6′6, popular, and still pulling multi-million dollar endorsement deals to show off my backside in tighty-whities? Heck ya! “Like Mike, If I could be like Mike! I wanna be, I wanna be like Miiiike!” ;) –Mike
March 22nd, 2008 at 5:59 pm
Maybe you can put up an ad - “send me enough paypal donations and I’ll show off my backside in tighty whiteys”! Gotta think laterally …
The best thing about your spreadsheet is that the balances are such that there are a few more cards there that should be down to zero relatively soon. More power to you.
March 23rd, 2008 at 4:27 pm
Hi Mike. Been reading your blog, love it!
For your spreadsheet issue, you can use an IF function to get around the Excel problem of not being able to divide by 0 (silly machines, they just don’t know better):
=IF(B3=0,0,D3/B3)
Thanks for visiting, and commenting, Deby, I do appreciate it! As for Excel, I actually use OpenOffice Calc and using that formula is producing a #NAME! (or something similar to that) error. Thankfully, I don’t do spreadsheets that contain more than a few SUM()’s that often… –Mike