A Factory Working, College Grad Getting Out of Debt

April 2013 Bills Breakdown

Another month of bills, yay.  Last month I continued my path in keeping my budget low and unfortunately that did not work out this time around.  Most of it was spent on food that would be helping me in my endeavor on my weight loss as well as getting me organized.  Another $150 was spent on a bridesmaid dress which I had anticipated.  I had no luck on selling items on ebay, but that doesn’t mean I’m not going to stop trying.  I’m anticipating putting on another 10 lots of items here either this past week or the coming next.

Car loan: $2,978.63. I’m going to keep the low payment in order to continue the ability of paying off part of my student loans… so this month’s payment will once again be the small amount of $261.00.

Credit Cards: So I’ve said goodbye to two credit cards since I started this, and I also recently found another grey charge and cancelled it from one of my credit cards.  I’m hoping I’ll see reflected in the statement next month, but I’m sure it was a little two late when I cancelled for it to be shaved off the bill this month.  Either way, I’m happy I saw it.

  • Solidarity Visa: $2489.00  Minimum payment: $30.00. This month’s payment will be $30.00.
  • Chase: $1323.54  Minimum payment: $26.00.  This month’s payment will be $28.54.
  • Pay Pal Bill Me Later: $1816.75 Minimum payment: $51.00. This month’s payment will be $51.00. 
  • Amazon Store Card: $822.53  Minimum payment: $35.00. This month’s payment will be $42.53.
  • DressBarn Store Card: $388.59  Minimum payment: $25.00.This month’s payment will be $25.59.
  • Best Buy Mastercard: $88.08  Minimum payment: $15.00. This is still the card that I am eliminating, so this month’s payment will be $88.08. Good bye!

Total Credit Debt: $6,928.49   Total Payments: $265.74.

This is compared to last month’s credit debt of $7,036.37  and total payments of:  $237.39, which means my debt went down $107.88!  Yay!  It could have been more, but because of the expected finances that were going to be happening last month, I played it safe with minimum payments. PLUS, this month I was able to eliminate the Best Buy Mastercard! That makes it three down and five to go!

Student Loans:

ECSI: $600.00  Still in grace period.  However, I am going to be putting a payment of $50 on it.  With the fees, that will equal $51.95.

Direct Loan:  $18,862.74  Still in grace period.  

I’m still unemployed.. So these are in the works of trying to be deferred at this time.  I’ll let you know if I succeed on that plan.

Other anticipated bills this month:

None thankfully.

Complete Total Debt: $29,369.86 Total Payments: $578.69

This is compared to last month’s $29,772.38 debt total and $550.34 in payments.  That means in total I have decreased my overall debt by $402.52!  I’m happy! I wonder how well I’ll be able to follow my $100 budget this month.  I’m still looking for a job, but I’m hoping things will pick up via my ebay and amazon sales this month to make up for some the strain on cash I sense I’m going to be feeling here soon as June gets closer and car insurance is due.

Please let it rain!



2 responses

  1. Excellent – well done you

    April 6, 2013 at 7:26 am

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