General Goals 1) to be debt free in 3.5 years 2) save lots of money

Saturday, November 13, 2010

The first steps to payin' off debt

In my last post I mentioned that I have several sundry debts to friends. I recommend that they be the first things you tackle. Taking my own advise the first thing I did was pay off Jessica. I owed her money for the last of our shared phone bill a total of $117.56. The second one I started to work on was my debt to Dave. Now he's not fully paid off, but because he is the biggest I wanted a good chunk of it paid. I have given him $270 of the $332.80 that I owed him. So $332.80-$270= $62.80 that I still owe him. He would have been paid off last month but 'life got in the way.' So he was willing enough to let me delay for a month. The topic of 'life getting in the way' I will talk about in another post. The other debts that I took care of was the $27.05 that I owed Dan. I am also happy to report that as of last night I have also paid of John which was $120.00. This leaves me with the last amount I owe to Dave and the full amount of $130.00 I owe Miranda.

Original sundry debt amount: $727.41
Current amount paid back: $534.61
Amount Outstanding: 192.80

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