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Debt Details

November 4th, 2012 at 05:37 pm

Student Loan #1 - $3,250.22
Student Loan #2 - $33,939.51
Credit Card #1 - $9,587.76
Credit Card #2 - $3,505.83
IRS Bill - $4,618.65
State Tax Bill - $897.00
Total (11/1/12) - $55,798.97

Budget: Live on 60% of income
Debt: Pay 40% of income toward debt (approximately $1,250.00)

7 Responses to “Debt Details”

  1. Time4achange09 Says:

    Best of luck with your plans

  2. creditcardfree Says:

    Welcome! Many of us have found that writing about our goals help tremendously in meeting them. Good luck!

  3. Momma and the boys living on budget Says:

    Good luck with your debt free plan

    What are you paying off first?

  4. tid44863170 Says:

    Holy cow! Thank you for the comments and the warm welcome. Pleasant surprise to come back to.

    I am paying Credit Card #2 down first. The interest rate is 19.99% (didn't know this as I lost track of when the introductory 0% rate expired). Part of my plan also includes not being so forgetful about things.

  5. Momma and the boys living on budget Says:

    Are you focusing on the IRS and State tax bill? I would rather them not on my back if I owed them money.

    I also recommend Dave Ramsey books as well.

    I have been in 20k in credit card debt and understand the pain of having that much debt.

  6. Joan.of.the.Arch Says:

    Welcome. Smile

  7. tid44863170 Says:

    Momma - Yes I am paying more than minimum on tax bills. Am working with Ramsey methodology as well. Thank you for the support!

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