Credit where credit is due

Looking at my January progress, I just realized that my $510.08 in revolving debt reduction is actually a little more impressive than I thought. The reason for this: I incurred a $148 balance transfer fee from MBNA this month, so I've actually made $658.08 in payments against my debt.

$510 isn't a huge amount, but it's certainly in line with my rate of debt reduction over the past several months. If nothing else, it's nice to know that the 0% balance transfer is "bought and paid for", as the transfer fee is already built into my revolving debt. Any progress made from here on out will only be encumbered by the accrued interest on my remaining line of credit balance.

That's good to know.