My Ultimate Goal:
To pay down $78,362.55
My Current Goal:
To pay down $46,117.24 (Ultimate – SL(s))
Top Line: Ultimate Debt (last year’s track) | Bottom Line: Current Goal (this year’s track)
Last month I didn’t complete Track my Progress because I had initiated “the current goal”. Since my Student Loans are at 3.4% interest rate it is not a top priority.The other debt needs to be paid down ASAP. Why? Because I am tired of paying debt!
You can see that I have already paid down more than I paid as a whole last year. Let us see if I can keep this trend. Especially during the holidays (you do know they are not that far away, right?)
How am I tackling my debt?
- Dave Ramsey’s Debt Snowball (use Whatsthecost.com for tracking purposes – it’s a great tool)
- Creating alternative income(s) – web-based, creating reusable grocery bags, scrabble tile necklaces, working extra hours, etc…
- Yard sales, ebay, half.com, craigslist. Creating money to speed up the snowball
- Trying to live frugally, within my means – this allows me, at times, to send an extra $20 – $50 towards my snowball plan
Little ways, little steps that will lead to big changes. What are some of the ways you tackle your debt?