I have paid off 37.81% of my total debt. This includes: car, credit card, and school loans. I have paid off $16,000 to date, not including interest. That is freakin insanity.
well, I have been paying this mess off for 3-5 years, depending on which bill you are looking at. I transferred my credit card to one of those no interest for a limited time jobs and tried to pay 200 a month on that. The rest I just make minimum payments on. The credit card is the highest interest, so I am focusing on that. As soon as I get that paid off, I intend to put that $200 a month towards the car and pay that off, then put THAT $500 a month towards the school loans. I had to take a second job a couple summers ago to get me through my laid off portion of the summer, and I kept it when I went back to work, so I ended up with a few extra hundred dollars at the end of each month compared to what I was used to.
Luckily, the school loans are super low interest, and the car isn't bad...and with the economy the way it is, even my credit card is WAY WAY down. It's a great time to put a dent in those bills.
But, it's technically not in my name, so I am choosing not to count it. And as I see it as something to sell and to make a profit on, I'm not really looking to pay it off totally anyway.
heh...but the debt WILL be paid off eventually, so it will have 'paid off' so to speak. And then maybe I can stop working so hard...which will be a payoff in itself.
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Luckily, the school loans are super low interest, and the car isn't bad...and with the economy the way it is, even my credit card is WAY WAY down. It's a great time to put a dent in those bills.
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I still have
$5,900 car
$3,190 credit cards
$28,000 grad school loan
$224,000 house debt
or, over a quarter of a million $, +1 ulcer
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But, it's technically not in my name, so I am choosing not to count it. And as I see it as something to sell and to make a profit on, I'm not really looking to pay it off totally anyway.
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