The numbers

iVillage Member
Registered: 06-25-2006
The numbers
11
Sat, 10-22-2011 - 1:16pm

After a summer of paying my bills all on time but not doing too much more attention to things than that I decided it was time to sit down and reevaluate before the holdiays hit.

So here it is. Remember this is just my Phase I of debt. I do have a student loan also that is a staggering $45,000 amost double the original amount because of

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iVillage Member
Registered: 08-29-2006
In reply to: smoochdog
Sat, 10-22-2011 - 1:56pm

So that $400.00 to the consol. loan is coming to a quick close.

iVillage Member
Registered: 08-29-2006
In reply to: smoochdog
Sat, 10-22-2011 - 2:02pm

In case we miss each other, my in-put

iVillage Member
Registered: 06-25-2006
In reply to: smoochdog
Sat, 10-22-2011 - 2:03pm

The $400 a month that is currently going to the consolidation loan will go directly toward the Jordan's Bill to pay that off and then once Jordan's is paid off then the $400 will go toward Citi bank. See the plan is there...now I have to just follow it :-)

iVillage Member
Registered: 06-25-2006
In reply to: smoochdog
Sat, 10-22-2011 - 2:06pm
I agree Macy's is a small one and I could pay it off pretty quickly . Yes the Jordan's and the Citibank that both have 0% until July 2013 - my goal it to pay it all off by then.
iVillage Member
Registered: 08-29-2006
In reply to: smoochdog
Sat, 10-22-2011 - 3:00pm

Nice!

iVillage Member
Registered: 08-29-2006
In reply to: smoochdog
Sat, 10-22-2011 - 3:09pm

Regarding your savings, I agree to not touch those accounts.

Avatar for mahopac
iVillage Member
Registered: 07-24-1997
In reply to: smoochdog
Sat, 10-22-2011 - 6:41pm

Seems to me like you have a good plan.

Community Leader
Registered: 08-25-2006
In reply to: smoochdog
Sat, 10-22-2011 - 6:47pm
Yea, as long as you can swing the $680 just keep at it. Maybe a little of it could go towards saving when the Consolidation loan is paid off in 3 months.

My surprise was the $2,800 transmission rebuild. Although you do have two cards at 0% interest if something came up. But still better if you had cash for an emergency. That 0% won't last forever.

Serenity
iVillage Member
Registered: 07-06-2003
In reply to: smoochdog
Sun, 10-23-2011 - 11:35am

While paying off debt I have been doing the matching 4% that my employer offers for RRSP as I was not about to lose out on free money.

Kassandra

"It is said that life has its peaks and valleys.  The challenge is to accept them equally and experience them

iVillage Member
Registered: 06-25-2006
In reply to: smoochdog
Sun, 10-23-2011 - 11:56am

The one thing I have going for me is my employer contribution to my 401K - when I turn 40 (last week) they increase their contribution from 5% to 10% which is amazing. Not a match, just a contribution.

Right now I match 5% and starting in January I am going to do my best to try and contribute 10% to match what they are putting in.

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