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?