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July 2008 Overview - The Starting Point

August 9th, 2008 at 05:21 pm

OK, down to the nitty gritty. I have been keeping a personal record of our debt status for a while now. Here is the last one I did for July. Since I did this, we have transferred a some CC balances to 0% cards, but have also charged about $200 to our Target card and have about $700 in overdraft (UGH), but hey 8-8-08 is our turn-around day and things are going to get better from here on out!

Current Debt: July 2008

Student Loan #1
% V, Outstanding: $2,567

Student Loan #2
4.3% V, Outstanding: $1,623

Chase
15.43% V, Outstanding: $4,664

Bank of America
10.24% V, Outstanding: $10,502

Bank of America
9.90% V, Outstanding: $10,315

Chase
10.99%, Outstanding: $2,102

Target
22%, Outstanding: $0

Lowe’s
22%, Outstanding: $0

Home Depot
Outstanding: $0

Overdraft
18.00% V, Outstanding: $0

401K
Loan 1, Outstanding: $1,012 (Pay off 07/31/2009)
Loan 1, Outstanding: $4,336 (Pay off 07/16/2011)

Car Loan
9.90%, Outstanding: $15,944


DEBT TOTALS
Credit cards: $27,583
Student Loans: $4,190
401K Loans: $5,348
Car Loan: $15,944

THE BIG DEBT TOTAL: $53,065

4 Responses to “July 2008 Overview - The Starting Point”

  1. momcents Says:


    Welcome. Taking one's head out of the sand and baring it all (those ugly nasty numbers) is a great starting place! We all have our challenges. Good luck at tackling this!

  2. cargirl86 Says:

    You can do this! The numbers may seem intimidating but as you start paying everything off, you will begin to see how empowering this entire process is. Don't be discouraged, and do NOT give up!

  3. gamecock43 Says:

    Welcome, I look forward to reading about your progress!

  4. Personal Finance Student Says:

    Thanks you guys! I really appreciate the support!

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