Watch as she attempts to dig herself out of debt and navigate the path to wealth.

Friday, June 20, 2014

My Debt Spreadsheet

I want to talk about my debt in specifics. I'm prepared to get very real and open about my debt. In the hopes that it will keep me on track (because I really don't want to fail publicly) I have prepared a spreadsheet listing all of my current debt, the monthly payments, interest rates, as well as the balance still owed. I'm not going to lie. I had been hiding from the truth, a bit, and got a little sad when I saw the actual number presented before me of what I owe in the balance column. Gulp!

LiabilitiesAmt/moBalanceInterest Rate
Credit Card 1$190.00$380.0015.24%
Credit Card 2$300.00$4,335.000%
Student Loan 1$174.65$22,898.002.36% / 6.8%
Student Loan 2$82.50$6,792.005.25%
Student Loan 3$87.92$9,695.003.25%
Student Loan 4$72.55$2,939.002.36%
$907.62$47,039.00

The good news is that i'm only 2 months away from paying off credit card #1! Yay!!

Whats your debt look like? How close are you to paying it off and 
celebrating your new financial freedom?

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