My Plan to live Debt-Free - Step 4 - Evaluating and Adjusting

What???  Adjust the plan?  Why not just stick to it?  Here is why gentle reader.  I got the shock of my life when one of my credit cards interest rates jumped nearly 10 points!!! Yes, you read that correctly.  It went from 12.9% APR to 22.9% in ONE month.  When I saw that, I proceeded to do what my sister and I laughingly refer to the 'Sebastian' syndrome (named for the scene in Disney's 'Little Mermaid' in which Sebastian the crab's jaw drops as he observes Ariel singing to an unconscious Prince Eric). But I digress.

So, what is the adjustment?  Each month I review all my statements and sort again and again by the highest interest rate, and continue to pay what I can.  Still sticking with the original plan.  I will get there, regardless of any curveballs they throw my way.

A special note - it is VERY important to read each and every piece of mail the credit cards send you.  If you are confused, CALL THEM!  You have right to ask for clarification.  It is our right.  We don't have to like the terms, but we have the right to information and to UNDERSTAND that information.

Like I have said, knowledge is power.  Commitment to the plan is key, but so is adjusting when needed.  Continue to evaluate your progress and adjust where needed and IF needed.  We will all get there.

More progress reports to come.

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