State of my debts for April. Total debt today is just under $12,000, and I’m thrilled. I have only two sources of debt now: student loan debt and a car loan. Neither one of these is a debt for which I am particularly embarrassed (unlike the credit card debt I had that filled me with shame!) but at the same time, I’m interested in eliminating them both. I owe less than $7000 toward student loan debt and under $6000 on the car.
Mint says that I’ll have my student loan paid off by October 2013, but I’m hoping for much earlier than that. Ideally, I’d like to have it paid off by the end of this year.
Last month, I said that my goal was to get the yellow line under the red line. As you can see above, I failed this goal, by a long shot. Well, not a long shot, but I didn’t factor in the increased expenses associated with bridesmaid duties. My best friend is getting married at the end of this month, and I don’t want to run out of month before I run out of cash, so I’m contributing $600 instead of the $1000 I thought I could, just to keep myself a little more liquid.
Although! I just remembered something — I have another check coming my way from my part-time job, so once that gets deposited, I’ll put that toward student loans and have a different chart for next month.
Until then, happy April!