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The ebb and tide of debt payment

May 6th, 2008 at 12:31 pm

Right now, I'm in a funk. I have a nasty cold, it's midterms, I'm working 60 hrs a week, and my house is trashed. I barely care about paying bills let alone saving money. So, I thought I would write a list to try to inspire me to get rid off it.
1) Current debt load is way too much. The minimum payments are only a couple of hundreds dollar less than my mortgage payments. Freeing up that much money would mean fully funded roth-iras for my husband and I.
2) I need my job and income level to survive. Getting rid of this would let me go part time without any stress.
3) What I owe is over a years net pay for me. Yup, I'll have worked over 2080 hrs to pay for my stuff.
On the plus side, my debt hasn't all been bad, nor the getting it.
1) A large part of it is to get my mommy dream car... V6, brand new picked out by me, sunroof, oh yeah.
2) A lot of it was to put in a yard and fence our acreage. Which is seriously improving my enjoyment of my house and property. My husband and I just don't have the time to do everything ourselves. The money I spent on that stuff has saved many fights and given us free time together.
3) 2k of it came from suddenly having to take a trip for a grandparents funeral. It was a convenience to just put it on a credit card, but somethings are worth more than money.
4)It's all at low interest rates, and nothing is unmanageable with our pay.

Well, only 5 hrs left before I go home. Lunch is over!