At the end of 2009 my credit card balances were the highest they have ever been, exceeding $40,000. I would like to end 2010 under $20,000.
Total Credit Card Debt as of 3/15/2010: $31,932
By the end of the month I'd like to reduce this to $31,000, and by the end of April I'm hoping to get it down to $29,000. If I can stay on track, I will have reduced my credit card debt by half in 2010.
I should note that approximately $21,000 of my credit card debt is at a 4% rate. A couple years ago I used a balance transfer check at this "rate for life" and invested the funds in rental properties. Another $7,000 is at 0% until the end of June. The remainder includes balances on cards I pay off month-to-month.