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Re: The Official 2020 Debt Smackdown
FINAL CHECK-IN! Happy 2021 everyone!!! I paid 3500 towards my debts (mortgage and student loans) in December, bringing my grand total paid to $72,611.20, which is ~97% of my mind-boggling 75k goal.…
Steel Blue Sound
Steel_Blue_Sound.9
2 wk ago
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Re: The Official 2020 Debt Smackdown
November check-in: Car loan is gone! so I snowballed that payment into student loans/mortgage. Paid 3500 for the month, taking me to 93% of my goal for the year.…
Steel Blue Sound
Steel_Blue_Sound.9
1 mth ago
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Re: The Official 2020 Debt Smackdown
11/1 Check-in: I finally bit the bullet and put the windfall I had in savings to work, and PAID OFF MY CAR!! Just got the title in the mail yesterday, feels SO GOOD! So I paid $15,278 in October,…
Steel Blue Sound
Steel_Blue_Sound.9
2 mths ago
7
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Re: The Official 2020 Debt Smackdown
Sept 1 check in: Not really sure how much progress we made in August, lol. We paid $4000 total, which is less than last month. BUT, we refinanced the mortgage in July,…
Steel Blue Sound
Steel_Blue_Sound.9
4 mths ago
2
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Re: The Official 2020 Debt Smackdown
@farfromtheusual fortunately I already had next (this) month’s payment budgeted, so I just wammed from that and can skip this month if we need to. Yay ynab!…
Steel Blue Sound
Steel_Blue_Sound.9
6 mths ago
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Re: The Official 2020 Debt Smackdown
June check in! I made my car payment manually, because I wanted to snowball on my husband's student loan payment since his are at 0% interest right now- and then it still auto-paid,…
Steel Blue Sound
Steel_Blue_Sound.9
6 mths ago
4
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Re: The Official 2020 Debt Smackdown
@farfromtheusual Ok, so it sounds like I'm not missing something obvious- it takes a little creativity to figure out your own system. I actually asked ynab help and they said yeah CC debt isn't…
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
1
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Re: The Official 2020 Debt Smackdown
I thought I made this post a week ago and found it odd there were no replies, but now I can't find it, so I guess I never actually posted? Anyway- I'm just wondering:…
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
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Re: The Official 2020 Debt Smackdown
@WairereRose hugs to you! I keep hearing people talk about all this extra time they have and they’re all baking bread and gardening and organizing the garage.....…
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
2
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Re: The Official 2020 Debt Smackdown
May check in: Pay was down about 30% this month, but fortunately the savings on daycare and gas, and extra income from side hustles, helped us stay almost even.…
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
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Re: The Official 2020 Debt Smackdown
@Schiaparelli Hat amazing! congrats!
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
1
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Re: The Official 2020 Debt Smackdown
@farfromtheusual same exact situation here. My husband’s car is on its last legs. Mechanic said it’s going to need 3k of work “within the next 0-3 years” so we’re just saving as much as we can til…
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
2
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Re: The Official 2020 Debt Smackdown
@MXMOM yes i have the mortgage included, which is what makes it so negative. Good thought on keeping the asset/debt either both in or both out. Same for my car value/car loan, I guess.…
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
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Re: The Official 2020 Debt Smackdown
@Keith Borders PS congrats!!! (Should have said that first, I just got distracted by the nice chart, haha)
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
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Re: The Official 2020 Debt Smackdown
@Keith Borders did you make that chart yourself, or does the debt challenge spreadsheet do that?!
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
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Re: The Official 2020 Debt Smackdown
@Hot Pink Admiral net worth question for everyone- do you include the value of your house? If so, do you use purchase price? Current value from Zillow?…
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
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Re: The Official 2020 Debt Smackdown
@Faness a financial adviser I worked with said they would always celebrate whenever a client became “worthless” hahaha
Steel Blue Sound
Steel_Blue_Sound.9
7 mths ago
4
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Re: The Official 2020 Debt Smackdown
April check-in! my first check-in since starting. Our total debt (mortgage, my student loans, husband's student loans, my car loan, and CC debt) was around 415k in March.…
Steel Blue Sound
Steel_Blue_Sound.9
8 mths ago
5
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Re: The Official 2020 Debt Smackdown
@TLW I would get a month ahead first.
Steel Blue Sound
Steel_Blue_Sound.9
8 mths ago
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Re: The Official 2020 Debt Smackdown
@Gold Song you know that if your loans are deferred now, if you make no payments, the months still count towards PSLF, right?
Steel Blue Sound
Steel_Blue_Sound.9
8 mths ago
1
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Re: The Official 2020 Debt Smackdown
@Sweet Tangerine I am a doc, and my pay is down >50% this month. My company is doing NOTHING to help us (they suggested we pull from our 401k), and I'm sure all the execs are still paying themselves…
Steel Blue Sound
Steel_Blue_Sound.9
8 mths ago
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Re: The Official 2020 Debt Smackdown
@Highlander89 I played around with undebt.it recently, and it says that (not including mortgage, but adding in 33k of my husband’s student loans, for a total of 183k) that we’ll be debt free in 8y,…
Steel Blue Sound
Steel_Blue_Sound.9
9 mths ago
4
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Re: The Official 2020 Debt Smackdown
@MXMOM I'm amazed at how many parallels there are between budgeting and losing weight. I never would have thought it, but it's so true. And likewise- I feel the same way- like I can better give my…
Steel Blue Sound
Steel_Blue_Sound.9
9 mths ago
6
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Re: The Official 2020 Debt Smackdown
@Highlander89 I have about 125k of student loan debt (and this is after 10y of payments....) (plus another 25K for my husband), plus a mortgage, so I feel your pain.…
Steel Blue Sound
Steel_Blue_Sound.9
9 mths ago
4
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Re: The Official 2020 Debt Smackdown
@Wiecked thanks for the support! I did just realize that I could probably pay my car off fairly quickly, (relatively speaking...). And it has the lowest balance AND the highest interest,…
Steel Blue Sound
Steel_Blue_Sound.9
9 mths ago
6
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