Fred, et al.I would appreciate a look see on our major debt repayment and see if you all think it can be improved, IOW, paid down faster or in a better way.We are teachers at an international school. We are on a 12 mo. salary plan. We work from Aug.-June. We pay living expenses in the US in the summer.________________________________________________________Consolidation Loan (D.M.A.) negotiated interest rates for each cc$88,000 debt 2,200/mo. x 57 mos. (8/00-3/05)Paid to date 30 mos.________________________________________________________We proved to be one of the 4 out 5 who rebuild debt:Consolidation Loan from our Provident Fund. Principal continues to accumulate interest (variable at about 5% average)$75,000 loan ($10,000 into travel & living expenses for summer 03) 2,000/mo x 60 mos. (out of salary check) money is in Thai BahtPaid to date 3 mos._______________________________________________________Outstanding cc debtBank of Asia Visa $5,800 at 8%_______________________________________________________Living Expenses:Housing/ Part of S & B Package = $0000.00Allowance to DD 240.00Food, Water,Household 400.00Personal Thai Charity 500.00_______________________________________________________Net Monthly Salary $5,500 x 12 mos. (after 2nd loan is taken out)All money after 1st debt consolidation is in Thai baht and converted to today's rate of 43 baht to the $.I guess I want to know if we are digging ourselves into a deeper hole or that we are on the right course as massively painful as it is.Thanks for input...please be gentle. I bruise easily :)Happy New Year...all sound fiscal years for everyone.Thanks very much.NN
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