The Exact Numbers…

I’ve been asked to reveal the sources of our debt. I’m working to update the sidebar but in the mean time here are the numbers:

Credit Card: $4,437.12
Student Loan: $9,935.46
Auto Loan: $12,738.30

Total Original Debt: $38,495.86
Total Paid: $11,384.98
Total Remaining: $27,100.88

Posted by Beks on June 11, 2009 at 5:00 AM in Debt Updates | 11 Comments »
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Qcash responded:
Posted: June 11th, 2009 at 6:23 am
Beks

Thanks for the update and putting it all out for us to see.

Are you able/willing to give us details (like monthly payments, interest rates, etc.) and your goal (timeframe wise) for paying it all (or some)off..
djc responded:
Posted: June 11th, 2009 at 9:48 am
Try this:
http://codex.wordpress.org/Customizing_Your_Sidebar
April C. responded:
Posted: June 11th, 2009 at 10:27 am
I just came across your site and am inspired to blog about our debt aswell! We are going to try to get everything paid off in about 6-8 months! One of my biggest reasons to just get it over with is so we can have baby #3 and pay for the bills in one lump sum and be done with it! So, thank you for the inspiration!
A responded:
Posted: June 11th, 2009 at 12:13 pm
what happened to the blogroll on the side?
creditcardfree responded:
Posted: June 11th, 2009 at 12:57 pm
Thanks for sharing! If you are going to blog away your debt it is good to put it out there so we can see it go away!!
debtor responded:
Posted: June 11th, 2009 at 3:35 pm
hey, I just thought I’d let you know that I tagged you in this post
http://debtorinthecity.blogspot.com/2009/06/i-was-tagged.html

Have fun with it
weldon responded:
Posted: June 11th, 2009 at 3:42 pm
Thank you for Sharing! This is great blog Keep fighting the good fight!
Ken responded:
Posted: June 12th, 2009 at 12:13 pm
Hats off to you for knocking out a big chunk already…keep up the good work!
Aristotelian responded:
Posted: June 13th, 2009 at 9:18 am
Can you give us a little backstory on the specific items of your debt? If you could go back and do it over, which debt would you keep? What were the biggest mistakes?

What jumps out to me is the $12k in car loans. You actually do not have a ton of credit card debt compared to some people, and your student loan is “good” debt, an investment in your future. But you can get a running car that will last you for 5+ years for a few thousand dollars. I don’t understand why so many people go into debt for cars. Was this number for two cars or just one? Did you buy new? What might you have done differently so that others could avoid your mistakes? It’s not just about paying down debt, it’s also about not getting into debt in the first place.
Nicole responded:
Posted: June 14th, 2009 at 4:11 pm
Way to go! You’re lucky to have so little on credit cards. Next up on the payoff, those darned student loans!
bowling responded:
Posted: June 15th, 2009 at 3:43 pm
Good work. Getting the credit cards down is key. Hopefully you got a good rate on the student loans and the auto loan. You appear to be in good shape. Better than me anyways!