After being inspired for quite some time by other personal finance bloggers, I started a blog to keep me accountable for my own disastrous financial state, and to make some concrete goals.
I own my own home, with a relatively small mortgage balance, but we need a bigger home.
The numbers are as follows:
$23,500 on two credit cards with rates that just shot up to 19.99% and 22.99%.
$8290 car loan at 7%.
After that, there are student loans, but these three are what need to go, in that order.
To be consumer debt free in two years, I need a snowball of $1542. a month, which is what I am aiming for.
To be consumer debt free in one year, I need a snowball of $2837.
Debt Free Day (D-day) is 2/14/12.
Deep breath.
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