Well, I'm a week in, and my first bunch of auctions have ended. Results thus far have been semi-disappointing. It's doable, I can make money at it, but it's a lot of effort for a little bit of cash so far. However, I know at least ten times as much about what will sell and how to sell it than I did at this time last week, so I'm guessing my next bunch of auctions will do better. And even if the profit margin is smaller than I'd like, it seems pretty clear that I can consistently make SOME money at it. And in the credit card pay off race, every little bit helps.
Which brings me to my other update.
On February 22, I posted the following:
Total credit card debt: $8,093.16
Total student loan debt: $33,674.75
Total savings: $163.77
Checking account balance: $11.69
Right now, I'm here:
Total credit card debt: $6,130.13 (though $600 is Mark's and will be paid from him ASAP)
Total student loan debt: $33,517.92
Total savings: $100.00
Checking account balance: $200.24
The other change is that my raise went through, so my monthly take home has moved from about $2,868.97 to $2,969.04. So...progress, albeit not quite as much as I'd hoped.
Comments (3)
You are doing great! Keep it up!
It is hard to do, but so rewarding!
Posted by Leigh Ann | April 3, 2007 10:36 AM
Wow, that's a big drop on the credit card. Good work.
Posted by Skye
|
April 3, 2007 11:13 AM
I got my tax refund, so that's why the big CC drop. But yeah, I generally feel pretty good about the first month's progress. Thanks for the kind words.
Posted by grace | April 3, 2007 1:45 PM