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Snowballing

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crowepti
Member

Re: Snowballing

 

Discover 2700 limit zero balance

Care Credit 3000 (last reported) now 4000 limit / 2700 balance paid to 2500 62.5% down from 90%

Citi. 3000 limit / 2400 balance paid to 1898 63% down from 80% paid again to 1428 47%

Home Depot 5000 limit / 4835 balance paid to 4335 86% down from 96%

Petal 4100 limit / 3835 balance paid to 3000 73% down from 97%

Next month I will dump another 2,000 in another avalanche of sorts hoing to get 2 cards under 48.9 and 2 under 68.9

 

What would you guys reccomend I do with $600 today? Should I hit one card or spread it? My Citi closes today and Petal card closed statement for June yesterday. Home Depot closes on the 20th Care Credit Closes the 3rd. Thank you again everyone. @AllZero 

Message 11 of 13
AllZero
Mega Contributor

Re: Snowballing

@crowepti. From a financial perspective, look at the card with high APR unless you have a 0% promo.

Message 12 of 13
805orbust
Valued Contributor

Re: Snowballing

I pondered this at length at the start of the year. So I paid off all the lowest first, then brought everything under 60% then 50% the next week, and so on. Looks like you're going at it fast enough that it wont matter.  Good job!



Message 13 of 13
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