Posts Tagged ‘Debt Rally’

Debt Rally & Money Talk

February 25, 2009

It’s been awhile since I’ve talked about money. This is probably because I somehow spent $400 of my hard-earned eBay money on God-knows-what.

For shame.

The next 4 months are going to SUCK because I am aggressively paying back a 401K loan and I’ve received a pay cut, so my paychecks have shrunk considerably.

Following is a status of my debt:

Lending Club – $16,324.27

Citibank – $1,515.00

AMEX – $3,391.50

Total = $21,230.77

Note, the Lending Club total includes all future accrued interest and fees.

I’m going to be left with just $185 every two weeks for the next 8 paychecks.  I have $200 in my ING savings account, which is the seed of my emergency savings account.  During the next 4 months I will only be able to pay $400 toward my AMEX card and $120 toward my Citibank card.

As I’ve said, this is when things really start to get challenging.  No big windfalls, no large payments on cards, just trudging along, paying what I can.

I hope I do okay.

Debt Rally, 1.30.09

January 30, 2009

Current Balances

Lending Club – $14,000

Bank of America = $0

Citibank =$1,470.00

J Crew = $0

American Express = $3,345.77

Washington Mutual = $0

1.22.09 Total = $21,044.52

Current Total = $18,815.77

– $2,228.75

I’m finally under $20K!


Financial Update & Debt-Rally

January 22, 2009

Following is an update of my debt resulting from a consolidation to my new loan.  The loan is set up for three years at $466.41/month.  When I have paid off the remaining cards, I will increase my contribution to the loan.  Additionally, I plan on using the bulk of both my 2009/2010 tax refunds to pay down debt, so I do not expect my goal to take three years.  But, who knows, shit happens.

Debt Rallies will continue to be posted every other Monday.  The next will be posted on February 9th.

Lending Club Loan

  • $14,000 (12.21%/3 Year)
  • Sum of Payments = $16,790.68
  • Interest + LC Fees = $3,140.68

Bank of America

  • Balance Paid ($6,642.84)

Washington Mutual

  • $7,000 Paid (Approximately $300 Remaining Balance)

J Crew

  • $1,779.91 Balance Remaining (27% APR)
  • First Priority Pay-Off
  • Expected Pay-Off Date of October 2009

American Express

  • $3,445.77 Balance Remaining (10% APR)
  • Second Priority Pay-Off
  • Expected Pay-Off Date of April, 2010

Citibank

  • $1,500 Balance Remaining (0% APR)
  • Last Priority Pay-Off
  • Unknown Pay-Off Date

Balance Total, January 22, 2009

$21,044.52

Last Debt Rally Balance Total (January 12, 2009)

$21,994.53

– $950.01, 4% Reduction

Debt Rally, 1.12.09

January 12, 2009

Debt Rallies will be posted every other Monday.

Current Balances

Bank of America = $7,831.67

Citibank =$1,500.00

J Crew = $1,844.79

American Express = $3,499.23

Washington Mutual = $7,318.84

12.29 Total = $21,985.62

Current Total = $21,994.53

-$8.91

Debt Rally, 12.29.08

December 29, 2008

Debt Rallies will be posted every other Monday.

Current Balances

Bank of America = $9,481.67

J Crew = $1,844.79

American Express  = $3,264.63

Washington Mutual = $7,394.53

12.15 Total = $22,161.34

Current Total = $21,985.62

-175.72

The Bank of America APR is killing me!

Debt Rally, 12.15.08

December 15, 2008

Debt Rallies will be posted every other Monday.

Current Balances

Bank of America = $9,240.02
J Crew = $1,944.79
Washington Mutual = $7,394.53
American Express = $3,488.94

Current Total = $22,161.34
Beginning Total = $22,779.92
– 618.58