In the above image, you can see that the red is above the $20,000 mark because I had over $20,000 in debt. Each month that I made a payment of $500 or whatever I could afford for that month would be erased from my thermometer picture.
How did I know when my credit card statements were coming due? I knew they were coming due because I constantly checked my online credit card statements. But this wasn't working out so well because I was becoming obsessed. To tame the obsession, I marked all of the credit card due dates on my calendar. I used an online calendar and a physical calendar at my desk to track these bills and the due dates. In the beginning, I was paying my bills by check but then I switched to online banking. In a future post, I will discuss my online banking strategy that I used to pay back my debt. But for now here is an image of my online calendar to illustrate how I organize my bills that are coming due:
I have decided to put some structure to my questions in the Action Items section at the end of each post. To do this I have created "Janie's Getting Out of Debt Action Steps." These steps will group the questions into main categories. This way it will give you a road map that you can refer to. I realized that you may not understand why I am asking certain questions in my Action Items section. Therefore, I thought that by making my very own "Janie's Debt Road Map" would be helpful to you. This road map will be coming soon! I am in the process of putting it together right now. Stay tuned and it will be here shortly.