Not long ago I wrote a post about my growing debt and how it just keeps growing and growing and growing. I think that I can officially say that it’s out of control and I am doing everything that I can possibly do to tame the beast and I will, believe me when I say that. Anyway, I have a new plan to pay my debt as fast as I can and even though I will take a hit on how much I save monthly it has to be done. I save $50 dollars from every paycheck each month, I put that money away and every six months that goes to the bank.
Here is my new Debt Paying Plan, starting immediately all the money that I save from May to August will go directly to my checking account to help pay my debt. So now instead of having $200 dollars a month to make monthly debt payments I will have $300 and that is $1200 dollars over the next four months which will help a lot. If everything goes according to plan I should be out of debt by December.
I forgot to mention that I am going to be visiting the dentist soon and the amount that I am going to have to pay will be about $700 dollars if I remember correctly. I will have to put that on my card and as you can see that would push my debt free date to sometime in the first quarter of 2010, yep.