10/25/2005

The Debt Wall Chart

Another debt reduction tip is to make a wall chart showing your progress. I admit, when I first heard this tip, I thought it was kind of kindergartenish, but I did it anyway. I really love it. All I did was take a piece of graph paper and write the numbers up the left side, and weekly dates across the bottom. Then, every week when I go to the bank to make a deposit, I make a new dot where the balance is and connect them. I was thinking about doing it in Excell, but I find I really like this old-school way of doing it. I took a picture of it with Brent's phone so you can see it. Note the crappy homemade Apple magnet holding it up. On the right side I was recording our grocery budget totals but I quit doing that and just kept it in Quicken.

I just wish the line was going down faster.....

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