With the year end fast approaching I thought it would be fun to do a post about personal debt. I’m curious toÂ know how much personal debt you have, maybe this will encourageÂ some people to actually calculate how much debt they have and get them motivated to start paying it off in the new year. Let’s not include house debt but anything else in your life that drains your bring home pay.
I’ll start with my personal numbers and the minimum payments. I would also like to know how long you expect to take to pay off these debts.
Car Debt: $16,500 / $400 month
Student Loan: $9,000 / $100 month
Credit Card: $4,000 / $100 month (will be paid off this month)
Hope to have everything paid off in less that 18 months! What about you?