January 27, 2008

After much trial and error, I figured out how to post the spreadsheets.

So, update for today. Nothing new paid, but I have my plan of action. On my chart, I have my three debts and their progress as I pay them off. I plan on updating them at the beginning of every month to reflect any payments I make.

In May of each year, there is a large drop in the amount I owe due to my repayments I plan to make on my student loan when I receive my tax return each year. This year, I have a $2500 payment scheduled based on what I figured my tax return to be. However...the government announced a retroactive tax change for 2007 and I went to a website to figure out my new estimated tax return. The new number should be around $3200. Good news for me! I have left the chart at $2500, but will change the information on it when I get the actual refund.

The orthodontist payments will remain the same each month, $250 per month, but there is no interest on this debt.

Leons is the goal for now. As I wrote earlier, I am trying to throw a lot of money at it right now just to get rid of it.



It's funny, you know? I am trying to get out of debt just so I can get back into it. You see, my goal is to get rid of these debts so that we can buy a house. I don't mind that kind of debt though. I look forward to making payments toward my own house instead of paying rent to someone else.