The Great Debt Payoff
Wednesday, January 11, 2006
Getting out of debt: My plan & how you can benefit
We're $25,000 in debt. I've psychoanalyzed myself about how this all happened and what it all means, blah, blah, blah. Enough of that. Now I'm ready to move on to the bigger and more practical question of how to get out of this mess. In other words, how in tarnation will we pay off this debt?
To start, allow me to give you the numbers. As of this day, here's what we're dealing with:
My student loan: $7735.91
My husband's student loan: $9514.75
Credit Card #1: $5510.27 (currently at 0% interest although that deal will be up within a month)
Credit Card #2: $2287.00 (currently at 1.99% interest through October 2006)
Grand Total: $25,047.93
So, my basic plan is this: Pay off all our non-mortgage debt as soon as possible (and not to exceed 4 years) using any legal, ethical and moral means necessary. Money to do this will come from my husband's modest salary as well as from any other creative way I can come up with to get more cash. Because working outside the home is not something I want to do (not that working outside the home is a bad thing), I will spend a great deal of time exploring ways to make money online and from home.
Here's where you come in...
I'm an internet junkie and spend way too much time researching things on the internet. I've already gathered quite a bit of information on the subject of making money online and will continue to do so. I will post the information I've already gathered and the information I have yet to gather on this blog as I go. So, I hope you'll visit often. Who knows, maybe we'll learn something.
Update: My original intent of this blog was to find ways to make money online. But blogs evolve. And as this blog has evolved and my research for it expands, I've come across lots of ways to save money online as well. So, in addition to ways to make money online, I've also starting posting about ways to save money too.
To start, allow me to give you the numbers. As of this day, here's what we're dealing with:
My student loan: $7735.91
My husband's student loan: $9514.75
Credit Card #1: $5510.27 (currently at 0% interest although that deal will be up within a month)
Credit Card #2: $2287.00 (currently at 1.99% interest through October 2006)
Grand Total: $25,047.93
So, my basic plan is this: Pay off all our non-mortgage debt as soon as possible (and not to exceed 4 years) using any legal, ethical and moral means necessary. Money to do this will come from my husband's modest salary as well as from any other creative way I can come up with to get more cash. Because working outside the home is not something I want to do (not that working outside the home is a bad thing), I will spend a great deal of time exploring ways to make money online and from home.
Here's where you come in...
I'm an internet junkie and spend way too much time researching things on the internet. I've already gathered quite a bit of information on the subject of making money online and will continue to do so. I will post the information I've already gathered and the information I have yet to gather on this blog as I go. So, I hope you'll visit often. Who knows, maybe we'll learn something.
Update: My original intent of this blog was to find ways to make money online. But blogs evolve. And as this blog has evolved and my research for it expands, I've come across lots of ways to save money online as well. So, in addition to ways to make money online, I've also starting posting about ways to save money too.
posted by Amy, 9:50 AM
1 Comment(s):
Hey, thanks for the thanks! Wondering what y'all are going to decide on the Pilot over here ... and I'm going to start listening to Dave Ramsay, based upon your recommendation. Great blog!!!!
-- Rebecca at EverydaySimplicity
-- Rebecca at EverydaySimplicity
