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23881.48

January 13th, 2009 at 11:10 pm

23881.48
That's the total I owe to various institutions now. Broken down:
Car 1: 6,722.94 (~4%) (450)
Car 2: 11,045.76 (~4.5%) (350)
Credit card: 6112.78 (~4%) (300)
I currently pay 1100 a mth in a normal month and 1500 in a good month to these debts which is well above the required amount because I want to pay them off. So, if I use basic math 23880/1100 that gives me about 22 months to pay everything off without accounting for interest.
I am just going to start blogging again to remind me of where I am. I don't have any magical formula for paying things off quicker, although I want to. This is just the start of me "paying attention" to my finances again.
Any extra money I have is currently going towards school and school books, so I am happy to be doing what I can.
Thats all my rantings for the daySmile

1 Responses to “23881.48”

  1. creditcardfree Says:

    You have a good plan!! If you pay above the minimum and don't add more debt, it WILL get paid off. Keep the plan going.

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