Here are my current debt concerns:
$7500 on a CC - this contains debt that would have been paid off until we were forced to move and decided to buy our condo. Part of it is the remainder of my car loan that I transferred to 0%. I do have the money to pay off this portion, but I don't want to move it from high interest savings if I can float longer. Currently floating at 0% until July.
$1200 on a CC - this contains car repairs and dental work. I have to prepay my dental work, then get reimbursed by insurance and my flexible spending account. I DO go to a dental school and pay 1/3 the cost (for better service in my opinion) of a conventional dentist. Currently floating at 0% until August.
$33000 in consolidated student loans - I am not sure when these will be paid off since I can't login to my account at the moment. These are not my only student loans! I currently pay over $600 per month in student loans ($300 for this one alone). This is my biggest budget killer! We make "decent" money, but I don't know anyone who pays this much each month on student loans.
$4800 student loan @ 10.5% - I currently pay $75.00 per month. This amount will increase each year and has an expected payoff of 9/1/12. I haven't quite figured out how to better deal with this loan yet.
Debts I feel I have under control:
$1335 for a loan my mom took out for my education. $100 per month w/interest currently at 5.1%. This will be paid off by Feb. 2007 - maybe sooner! My mother can't afford to pay this loan, so I'll pay it off.
$5900 for my husband's student loans I transferred to a 4.99% rate. I continue to pay $155 per month and will have this paid off 4 years and at least SEVEN THOUSAND dollars sooner than the original loan. Original loan was 14.25% variable!!
We do have a mortgage that I don't feel is a problem at the moment. We use a cash back credit card for all purchases and pay this in full each month.
My current priorities are the first two credit cards I mentioned, followed by getting rid of my mother's loan. I don't have a plan set in stone for either of these yet!
Debt Concerns
February 26th, 2006 at 08:45 pm
February 26th, 2006 at 08:50 pm 1140987023
February 26th, 2006 at 11:17 pm 1140995842
February 27th, 2006 at 02:49 am 1141008547
February 27th, 2006 at 03:13 am 1141009995
April 19th, 2006 at 10:35 pm 1145482552