The Motley Fool Discussion Boards
Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: Plans for the New Year||Date: 12/18/2000 2:26 PM|
|Author: beccapooka||Number: 51798 of 308688|
Is anyone else goal-setting for the new year?
My current goals are actually for the next 15 months with little minigoals in between.
I had to borrow $3000 to fix my car and I have to repay $3200 if it is repaid by 3/21/2001. An additional $50 will be tagged onto the end of each quarter. So, my plan is to pay this off as a priorty to keep it a good deal.
That leave about $5000. I should be able to pay off the 3 lowest balance cards (totaling about $700) this year and start attacking the next ones as well. Starting in June, I will have $180 a month extra to put towards debt.
I am very focused on this debt. I know that some of you have commented that $14,000 a year isn't much. The thing is, I'd have more than enough if I didn't owe $8,000. Things are so slim right now that when I have gotten rid of the debt, I will feel like I am rolling in money, even on such a small income.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|