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Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Friday, March 9, 2012

I'll show you mine...

...my pig bank, that is.  This is Gertrude Petunia (my childhood nickname from Mom).  I routinely empty her out and take the coins to the credit union, so when I did it this week I finally remembered to take her picture.  Isn't she pretty? 

I found her on clearance at Target this summer.  I'd been stalking her for awhile because she coordinates so well with my kitchen colors; but I refused to pay full price for a bank.    She only coughed up $15.50 this time, but it's been put into my savings account and will be a nice little snowflake at the end of the month.  I haven't decided which of my credit cards will get the extra, the balances are all within $50 of each other.  With the interest rates figured in it's pretty even on the progress no matter which one gets it. 

I just realized I've never talked about my debt, other than to claim I have it, or my budget.  I suppose I should.  I'm never going to be one of those bloggers who plan out exactly what I'm going to write about, so expect some rambling.

Here goes:  As of today I owe exactly $74,911 (rounded to the nearest dollar). 

Here's how it's broken down:

Home Depot: $241
Orchard Bank: $260
Kohls: $210

Car Loan: $4,876

Student Loan 1: $46,144
Student Loan 2: $23,180

A bit staggering, isn't it.  Especially when considering that the amount I owe is twice what I make in a year.  I still feel better off than at this point last year though when I couldn't even afford to pay all of my bills because my ex husband's addiction and entitlement issues ate every cent I made.  So it may take me the next 10 years to get this paid off, but I'm fine with that.  

And since it's been a judgement issue of some blogs this week let me just cop to the fact right now that even though I'm repaying debt, I'm still planning to taking some vacations this year and probably every year.  But I won't accrue new debt to do so, nor will my bills be going unpaid.   That said, I really do need to find a way to produce extra income.