State of my debts for May.
Total debt today is just under $11,000, and it feels like I’m stagnating. It feels like I’m being really aggressive, but according to my projections, I’m still not going to be out from under student loan debt until March 2013. Sheesh. I do like these weigh ins, though, because they force me to pay more to ACS. It will feel so wonderful to finally be in the black, for real. According to mint, I’m there already, but it’s hard for me to think of my car as an asset. I need that thing. And if I get rid of it, I will not be replacing it with a bicycle, but another motor vehicle. I guess, though, if things get really bad, I can sell my car and walk everywhere, so in that sense, I suppose it’s an asset. Better than liquidating my IRA, which I’m not even sure I can do, and I’m happy thinking I can’t.
I’m happy that I owe basically the same to the student loan people as the car people, and can now be a full follower of Dave Ramsey again and just pay down the lowest balance until (ugh!) March.
One of my goals for this month is to do a lot more work on the side. I have a couple new clients and they’re paying me hourly. May’s paychecks from them will absolutely go into the student loan pile.