i've totalled my debt...

iVillage Member
Registered: 04-21-2004
i've totalled my debt...
2
Wed, 10-05-2005 - 3:11pm

so, i did it. i added up all our credit card debt(again, hadnt done this for awhile). this total does not include our car payment, or our student loans that are in forebearance. I did not include our mortgage either. so.... here is our total:

14,871.00

the debts range from 75 dollars to 3846.94 this is the debt that i just laid out our debt snowball chart for. we will be paying well over 700 dollars a month just for debt payments. if i total in our student loans and car , the balance is 28871.00. however, i am not including those debts in the snowball just yet. Now we are just about current on everything and I will work to get completley current before starting the snowball rolling (again). but it feels good to have a plan again. I am so ready to get rid of this crap for good.

kel

Avatar for mymartes
iVillage Member
Registered: 03-26-2003
Wed, 10-05-2005 - 5:01pm

Good for you, girl.

If you continue coming to the board and posting often, you find that it will help alot with debt reduction. I know it's helped me.

MYM

Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Thu, 10-06-2005 - 9:52am

Congrats on facing the big picture!


Knowing the total and creating a chart helps give you clarity of how much your debt goes down each and every month.

All my best,
Danni