August’s Minimum Debt Payments

Here’s how August looked in terms of minimum debt payments. I like to look at this just to see how things stand because as I see the monthly payments go down I feel a little better if an emergency occurs (meaning, we’d only have to pay this much to our debt to keep current).

Mortgage: $323
Auto Loan: $258 (as of 9/12, it’s now paid off!!)
School Loans: $208
Credit Cards: $508
Prosper Loan: $113

Total Payments: $1,410

Debt to Income Ratio: 35% (based on earning $4048 in August)

July’s Payments:

Total Payments: $1,280
Debt to Income Ratio: 35%

August is higher with the payments because one credit card didn’t have a minimum yet in July because it was a new card. Now, all debt payments are showing up.

Posted by Tricia on September 17, 2006 at 5:09 PM in Debt Updates | Comment First »
You can leave a response or trackback from your site.