Is the 'ADS' really 'AES'? Because if it's not, there isn't a payment for your student loan for this month. Even if it is AES, $24.95 a month isn't enough to pay even the interest on your student loan. If you're on a 30 year plan, your minimum monthly payment should be at least $210. 15 years: $313; 10 years: $422 So this may be one of the sources of your 'cash leak'.*-ADS is not AES -My student loan (AES) is deferred for another 2 months-ADS is home sec I have a 3 year contract that I cant cancel I tried And is the TDS home phone the one in TN? Or in Vegas? Because if it's the one in TN, your brother should be paying for that, too. If it's in Vegas - that's way too much, in addition to your cell phone.*- TDS is TN 243.40 is my final payment 2 bi-weekly checks a month; in the months that you get an extra check, just use the whole thing toward your snowball. *- That is a good idea i will do thatAlso, the 'other' income - is that reliable and steady? You don't need to say what it is, but if it's variable, you probably should only count on the lowest amount you will receive, rather than an average amount, and then in the months when you get more than the lowest amount, put the surplus all towards your snowball.*-Other income will always be 1297 I will get it monthlySome comments about the income - the $2000 a month after taxes from your job seems to be a pretty round number - are you sure that it's exactly $2000? Because you need to track your income to the penny as well as your outgo*-This is my first month at the new job so I am tring to get my plan together for Aug-I didnt get a full month of pay and I get paid commission and hourlyHowever, in this case, there is very little difference between CapOne at 21.4% and CitiFin at $23.5%, and you can use the $600 snowball, plus the minimum payment of $73 to pay off CapOne completely the first month. That will increase your snowball to $673. Over the course of a year, paying off CapOne before CitiFin will cost you $2.10 in interest - so it's a pretty good trade-off to me.*- I will pay off the Capital One first
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