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! :)

  • 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...
  • # 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!
  • That's a great development! You can get over with your debts already. :)
  • Amazing, great blog! I appreciate a layman's approach to finances.
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