Credit Karma

Have you heard of Credit Karma? Turns out there is a way to get a glimpse at your credit score for FREE!

It seemed like a pretty simple process – input your information and it will give you a credit score, along with a report card that tells you how certain factors are rated and what you can do to improve your score.

Now, I have no idea if this tracks with the FICO score (I’ll be pulling that score sometime soon), but it was informative and I was happy to see how certain actions I have taken over the last few months have raised my score 37 points (between November and February). I’m very interested to see what happens to the score once the data from last month (when we paid off 3 cards!!!!) hits the credit agencies.

So you want to know what my score is according to Credit Karma? 

703

Glad to see it is going up! Now we are going to try my husband’s – I’ll be posting that soon.

Have you tried this? What did you think? Is there another alternative out there you could share with us?

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March 2010 :: Goals

Our goal for March is to pay $1,264 toward our debt. Taking into account the interest that will be charged ($263) , the net will be $1,003

So our totals at the end of March should be:

Credit Card Debt    ::  $ 32,265.89
Taxes Owed              ::  $          00.00
Personal Loans        ::  $          00.00

Total Debt*              ::  $ 32,265.89

*does not include school loans

And now for the Savings Goals – at the end of March, we aim to have:

Regular Savings  :: $     140
Family Leave       :: $  1,147
Emergency           :: $     517

Total Savings      :: $   1,804

According to MSN Money, our debt-free date is now :: January 24, 2012

But I’m not really feeling patient enough to wait for 22 months, so we are pushing our debt-free goal to November, 2011 – which is 20 months away!

February 2010 :: Report

Debt Reduction

Our goals for February were:

Credit Card Debt    ::  $ 36,770.86
Taxes Owed           ::  $   2,433.58
Personal Loans       ::  $       00.00

Total Debt*              ::  $ 39,209.44

And here is where we were after 2.28.2010:

Credit Card Debt    ::  $33,268.89
Taxes Owed           ::   $       00.00
Personal Loans      ::   $       00.00

Total Debt*             :: $33,268.89

*does not include school loans

Great month in the debt reduction department!!! Our goal was that we would pay $1,264 toward our debt, with a net will be $875. With our huge tax return, we were able to pay off over 17% of our current debt this month! Whoooo-hoo!

Budget

We were only about $300 over budget this month, but this was again mostly due to the fact that I started a new diet program and we are purchasing a few specialized foods.

Savings

Savings Goals for Februrary:

Regular Savings  :: $      65
Family Leave       :: $ 1,047
Emergency           :: $    485

Total Savings      :: $   1,597

Where we landed at the end of February:

Regular Savings  :: $   111
Family Leave       :: $  797
Emergency           :: $  502

Total Savings      :: $ 1,410

Not as good as we wanted, but we are still saving, so that is good.