Thanks for checking out my Debt Update Page. This blog all started as a way to stay accountable while paying off my debt and to share the personal finance knowledge I gained along my way to Debt Freedom. If you’re curious as to how I got to be in so much debt, you’re in luck I wrote a post:

Once Upon a Time I Knew Nothing About Personal Finance – My Journey from Clueless Law Grad to Personal Finance Blogger

Below is the list of my Accountability Posts as well as my overall Debt Update. Please note, that my “Total Debt” includes all my debt including credit card debt, car loan, student loans, and a bar loan.

At the beginning, I separated out my consumer debt (credit card and car loan). Once my credit cards were paid off, I broke out my bar loan to be added to my Private loans (bar loan and car loan) which is why you see a difference moving throughout.

Looking at my other debt you see a lot more progress than in the “Total Debt”, the reason being I currently owe more on my student loans than when I started. See I’m currently on an Income Based Repayment plan, and my payment doesn’t even cover the interest each month, allowing my loans to grow. To say I’m fighting an uphill battle would be extremely accurate, follow along (I could use all the cheerleaders I can get)

Overall Debt Update [updated May 2017]:

Credit Cards: Paid off $6177.41 of $6,177.41 = 100% Paid off

Car Loan: Paid off $10,900 of $16,235 = 67% Paid off

Bar Loan: Paid off $2,495.83 of $11,000 = 22.7% Paid off

Student Loans: I’ll get to them eventually

Credit_Cards
Car_Loan
Bar_Loan

Month               Total Debt                    Private Debt

April 2017                              $267,486.45                                              $14,044.51

March 2017                           $266,815.37                                               $14,104.89

Jan. 2017                               $266,029.12                                                $14,591.92

December 2016                    $263,419.6                                                   $14,661.12

November 2016                    $263,477.60                                                $14,719.60

September 2016                   $262,065.91                                                 $14,857.36

August 2016                          $262,628.53                                                 $15,418.98

July 2016                               $261,842.17                                                  $15,695.93

June 2016                              $261,127.41                                                   $15,783.56

May 2016                              $261,006.78                                                 $16,131.87

April 2016                              $260,171.35                                                   $16,227.66

Q1 2016                                  $259,560.83                                                 $16,714.28

December 2015                     $258,057.10                                                  $17,045.34

November 2015                    $259,001.65                                                  $18,684.82

October 2015                        $258,988.85                                                  $19,314.23

September 2015                   $258,475.08                                                  $19,499.71

August 2015                          $257,815.74                                                   $19,752.43

July 2015                               $257,372.14                                                   $19,935.25

June 2015                              $257,308.85                                                  $20,589.18

May 2015                              $256,801.48                                                  $20,875.63

April 2015                              $256,713.03                                                  $21,206.55

March 2015                               N/A                                                                  N/A

February 2015                       $255,592.37                                                  $11,507 (does not include bar loan)

January 2015                         $256,662.29                                                  $12,540.57

December 2014                     $257,340.59                                                  $13,609.50

November 2014                     $257,904.12                                                  $14,671.41

October 2014                         $259,412.60                                                  $17,387.20

September 2014                    $260,103.38                                                  $18,293.17

August 2014                           $259,938.39                                                  $18,964.22

 

 

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