Showing posts with label Debt Snowball. Show all posts
Showing posts with label Debt Snowball. Show all posts

Saturday, February 21, 2009

Debt Snowball-February

So, we just wrote our check to the loan that's next on the debt snowball for a grand total of......

$$$$985.08!!!!!!!!!!

Yaaaay!

I worked on next month's budget too, and we will be paying an extra $445.98 towards our debt next month. (Unfortunately, we won't be getting any expense checks for the next few months because of Phil's job). Plus whatever money we happen to find, or have left over in our envelopes (only a few) at the end of this month will go towards it. And when we get our tax return... there should be another 2k or so to go towards them too, woohoo!!!!

Sunday, February 15, 2009

Our Debt

Debt we have paid off (only listed when a loan is complete):

$2000-Ring (credit card, paid during grace period with 0% interest)
$1500-MST Student Loan-Phil (paid during grace period with 0% interest, through MST)

TOTAL: $3500.00


What we have left, in order of debt snowball:

$2076.41-DIRECT Student Loan-Phil, minimum $50.00
$2567.67-MOHELA Student Loan-Anna, minimum $26.79
$3016.32-Hospital Bill for Charlotte's Birth, minimum $100.00
$3524.71-MOHELA Student Loan-Anna, minimum $41.29
$3600-MST Student Loan-Anna, minimum $40.00
$5387.70-MOHELA Student Loan-Anna, minimum $63.10
$5429.31-DIRECT Student Loan-Anna, minimum $63.30
$6369.61-Credit Card, minimum $153

TOTAL: $31,971.73

We'll get there, but it feels like its going to be a very long time!! Plus, I think part of those minimums go to interest, which I don't think is listed in the amount of the loan, so less actually goes to the principal.

Will edit to add starting balances of all debt listed above.