I understand in this day and age, it’s virtually impossible to live without some kind of debt. I also understand that having certain types of debt is sometimes helpful and necessary for various reasons (establishing credit, etc). I would like to have paid off all loans (from individuals, not institutions) by December 31, 2010.
Current debt:
~$5,000 (12/20/07) – Personal loan
~$1,000 (12/20/07) – Financial responsibility for auto accident.
Update:
12/22/07 – Paid half of the auto damages off today! (Made arrangements to pay the rest off on 1/20/08.)
Update:
1/27/08 – Paid remaining auto damage debt! (At a cost of $200 borrowed from my dad.)
Current debt:
~$5200 – Personal loans
Update:
1/31/08 – Borrowed another $500 from dad to make ends meet.
Current debt:
~$5700 – Personal loans
Update
3/7/08 – Made a $200 repayment.
Current debt:
~$5500 – Personal loans.
Update
7/24/08 – Made a $200 repayment.
Current debt:
~$5300 – Personal loans.
Update
7/29/08 – Made a $200 repayment (to Dad).
Current debt:
~$5100 – Personal loans.
Update
9/26/08 – Made a $60 repayment.
Current debt:
~$5040 – Personal loans.
Update
4/8/09 – Made a $500 repayment.
Current debt:
~$4,540 – Personal loans.
7/24/09 – Made a $250 repayment.
Current debt:
~$4,290 – Personal loans.
9/29/09 – Made a $1,000 repayment.
Current debt:
~$3,290 – Personal loans.
11/30/09 – Made a $500 repayment.
Current debt:
~$2790 – Personal loans.
