Debt totals, March 31:
- Car loan = $12,856.82
- Student loans = $154,202.03
- Credit cards = $29,317.62
Total debt = $196,376.47
So, it's not completely bad as some progress was made, just not what I had hoped for. April should be better as
- there are no scheduled out of town guests
- I have put a once-a-week limit on dining out
- I have 2 restuarant gift gards from MyPoints, so I will only be paying for dining out 2 times this month
- I have some WalMart gift cards from MyPoints that I will use for groceries. It's only $20, but it's something.
- I'm focused on alternative streams of income like eBay and Associated Content
- I'm looking for a higher paying job, but going to wrork overtime until I can find one
- I'm going to try to use food in the pantry before going to the grocery store
I'm contemplating stopping paying on my car loan for the time being - since they don't like when you pay more than the payment they have my next due date as July. I'm thinking of doing this because the interest rate is 10% and I have a credit card that Chase just recently raised to 29.99%, so I'm thinking I could put the money towards it until July. I'm hesitant though because it would not be enough to pay off that Chase card so I'm not sure it's worth it. I guess I could figure up the interest charges and see. If anyone knows of a good online calculator for credit card interest calculation please let me know! thanks :)
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