A blog to help me document my journey out of debt.
About Me
ceejay74
I'm the financial head of a three-adult household. We have great credit and income but massive debt. I've always paid bills on time but beyond that haven't planned very well. Now we have some definite goals, so we need to get serious about financial stability.
DEBT AS OF JULY 19, 2008:
Credit card/personal: $52,892
Home/mortgage: $300,123
Education: $71,689
($31,689 actual; $40,000 estimated future)
TOTAL HOUSEHOLD DEBT: $424,704
($384,704 actual; $40,000 estimated future)
August 2008 goal: pay off $3500 by 8/31
Progress:
$3135 down, $365 to go
Goal balance: $421,204
Balance as of 8/6: $421,569
Big-Picture Goal, begun 1/1/08:
Pay off all credit card and personal loan debt by 12/31/09
Beginning balance: $70,251
Current balance (8/6/08): $50,301
