Man, this is the only thing I ever post about. I'm surprised I still have friends on here.
So, debt count down now stands at 26k. It's going down, but dreadfully slowly. I've taken to watching another financial stat instead; my net worth.
For the financial illiterate in the audience, the net worth is every penny you've got minus every penny you owe. It's normally everything you own minus everything you owe, but I don't own anything that costly (no house or car), so I'm just counting money set aside for retirement and such.
On that front, I'm only 9k in the hole! And since I'm paying back debt the rate of 1.1k a month and saving a bit over 500 a month, I should actually be solvent in around 6 months! I think it'll be the first time that's happened in my adult life. Yay?
Still, I can't pat myself on the back too much. I'm paying around 250$ a month in interest (so it takes that 1.1k/month down to somewhere under 900). 250$ a month! That's 3000$ a year that I'm just giving to the bank because I can't wait to get new toys. And it used to be much more than that before I actually woke up and started paying attention. *sigh*
(Wow, I wanted to write an upbeat status update but it really went sour a the end there. Sorry.)
BTW, I have DreamWidth codes if anyone wants them.
For the financial illiterate in the audience, the net worth is every penny you've got minus every penny you owe. It's normally everything you own minus everything you owe, but I don't own anything that costly (no house or car), so I'm just counting money set aside for retirement and such.
On that front, I'm only 9k in the hole! And since I'm paying back debt the rate of 1.1k a month and saving a bit over 500 a month, I should actually be solvent in around 6 months! I think it'll be the first time that's happened in my adult life. Yay?
Still, I can't pat myself on the back too much. I'm paying around 250$ a month in interest (so it takes that 1.1k/month down to somewhere under 900). 250$ a month! That's 3000$ a year that I'm just giving to the bank because I can't wait to get new toys. And it used to be much more than that before I actually woke up and started paying attention. *sigh*
(Wow, I wanted to write an upbeat status update but it really went sour a the end there. Sorry.)
BTW, I have DreamWidth codes if anyone wants them.