State of the Debt: April ‘08

by Sean


Creative Commons License photo credit: rickz

Two weeks to go, and I get a breather! Oddly, I know I’ll miss the chaos and the end-of-the-day mental exhaustion when it’s over. But I’m looking forward to having time to focus on my side business replacement project, which is beginning to show some of the decline that two months+ of almost complete neglect tends to produce! ;)

On the debt front, as you can see we managed to kick out well over $1,000 this month:

  Feb 29′08 Mar 31′08 Change
EVERYTHING We Owe
Credit Card Debts
Chase $19,562.24 $19,248.77 ($313.47)
Other Debts
Home Mortgage 38,757.45 38,709.30 (48.15)
Low Energy Loan 15,043.83 14,921.75 (122.08)
Line of Credit 25,141.38 24,462.69 (678.69)
TOTAL Liabilities $98,504.90 $97,342.71 ($1,162.39)

A slow but steady chipping away. I’ll definitely take it! :)

{ 4 comments }

Phyllis V April 17, 2008 at 10:20 am

Amazing, great blog! I appreciate a layman’s approach to finances.

Guy Cohen April 24, 2008 at 7:48 pm

That’s a great development! You can get over with your debts already. :)

Managing my debt April 30, 2008 at 9:46 am

# A slow but steady chipping away. I’ll definitely take it! #

To me, over $1000 is not slow! I only wish I could afford to pay off that much debt in a month. I am probably paying around $300 towards my debts each month & now and again maybe $500.

Do you have any tips? How are you making the extra money? Thanks!

Bhelle November 4, 2008 at 9:31 pm

I am an accountant by profession and I appreciate how you let others realize and have a plan in getting out of debt-slowly but surely…

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