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Author: dianakalt Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308858  
Subject: I'M IMPATIENT Date: 6/21/2000 10:50 AM
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Hey all,
I joined the Fool almost a year ago, and have turned my financial life in the right direction. I have paid off significant debt in the last year, and in late February started accellerating that effort even more. I am around 20 months or so from being debt free (no credit cards...only car and bank loans) and I have a solid plan, but sometimes I feel like I'm going nuts because I just want to be free of this sooner!

My current plan is as follows....

9% in 401k (3% is matched by employer)
Almost done accruing a $1500 emergency fund (should be done by middle of July)
Car Loan--$6600 balance, 10%, $357 payment and I pay extra on this at each paycheck. (Amount varies each 2 weeks....depends on what I have available. It seems like around $200 to $250 per month is the norm, but that will increase some since my contingency fund is almost done.) Currently I am around 4-5 months ahead on the car loan.
Bank Loan--$10200 balance, 7.5%, $100 payment every 2 weeks.

I'm so impatient to get out of debt that I have been considering cutting the 401K contribution back to 3% just to get the employer match, but somehow that doesn't seem right. Any input/motivation would be appreciated!

d
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