Turnip33

Making some progress.

New debt status:

Student Loan 1 = $4,069.47
Car Loan = $6,180.27

TOTAL: $10,249.74

My last debt status: (1 month ago).
Visa —-—-—-—-—-——$0.00 Lmt.($7600)
OverDraft-—-—-—-—-—$0 Lmt.(3000)
MasterCard —-—-—-——$2,863 Lmt.($5600)
Line of Credit —-—-—-—$0.00 Amt.($10,000)
Student Loan 1-—-—-—-—$4,273.53 Amt.($9824.83)
Student Loan 2-—-—-——— $2,241.53 Amt.($3536)
Car Loan-—-—-—-—-— $6,673.87 Amt. ($16,000)

Total-—-—-—-—-—-—-$16,051.93 ($54,760.83)

It’s been 5 months since I’ve posted about my debt. I’ve made substantial progress (I think), and can actually see a light at the end of this horrible tunnel.

Here is one of my last updates:
Visa —-—-—-—-—-——$0.00 Lmt.($7600)
OverDraft-—-—-—-—-—$2855.72 Lmt.(3000)
MasterCard —-—-—-——$2200 Lmt.($5300)
Line of Credit —-—-—-—$7000.00 Amt.($10,000)
Student Loan 1-—-—-—-—$5395.99 Amt.($9824.83)
Student Loan 2-—-—-——— $2482.44 Amt.($3536)
Car Loan-—-—-—-—-— $9065.72 Amt. ($16,000)
Total-—-—-—-—-—-—-$28,999.87 ($54,760.83)
Total without Car Loan —-$19,934.15($38,760.83)

Here is my new update:

Visa —-—-—-—-—-——$0.00 Lmt.($7600)
OverDraft-—-—-—-—-—$0 Lmt.(3000)
MasterCard —-—-—-——$2,863 Lmt.($5600)
Line of Credit —-—-—-—$0.00 Amt.($10,000)
Student Loan 1-—-—-—-—$4,273.53 Amt.($9824.83)
Student Loan 2-—-—-——— $2,241.53 Amt.($3536)
Car Loan-—-—-—-—-— $6,673.87 Amt. ($16,000)

Total-—-—-—-—-—-—-$16,051.93 ($54,760.83)
Total without Car Loan —-$9,378.06($38,760.83)

I look at the car loan as a necessary monthly expense. I use my car to get me to jobs that I do outside of my full-time job. I’ve been lucky the last 5 months with getting a substantial amount of extra work on my own. This will also knock down more of my current debt by another $5000 by the end of September.
So I could take care of the Master Card, and Student Loan #2 after this payment.
My Mastercard fluctuates because I use it for weekly business purchases.

This is a line I wrote last September…“So starting today -SEPTEMBER 23, 2008, in one year, I will pay off $19,934.15…” (Total without car loan).

So that’s it for now. I think I can still reach my 1 year goal.

We’ll see.
Time will tell.
I’ll believe it when I see it.
Talk is cheap.
Action speaks louder than words.
How soon is NOW?

My co-worker and I were talking about debt today. I said, “Why don’t you cut up your VISA?” She said she couldn’t. So, I pulled out my VISA, and without hesitation, chopped it up.

This would be the third time I’ve cut up a card.
Here are the remains…
Feels good.

I’ll be paying another $600 on my VISA next week. This will bring it down to $1100. Should be another month and a half until it’s finally done.