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TopicI'm making this the year I pay off my enormous debt.
Jaguar34
01/18/23 11:24:42 AM
#28:


Ok I'm actually contributing. My house burned down and like an idiot I used the insurance money to support my family rather than build a new home (this was in 2014). I had 60K in student debt and worked a crap job. I purposefully default on the private loans and settled. I ended up paying 45% of the principal value back to the lender in 17 months. I'm now making my first real attempt to build my home since it burned down. Using the first quarter of 2023 to completely get out of debt then I'm gonna start building a home by developing plans.

CreditUnionCredit Card - $4921.27
BigBankCreditCard - $220
HugeInterestCreditCard - $366.29
CreditLine for Braces - $2363.00
AmazonPrimeStoreCard - $91.93
PotentialHomeLenderLineOfCredit - $2096.91
StudentLoans - $2400

$12459.40 total. I get my biggest paycheck of the year on Friday (about $6,500) and it's all going toward debt elimination. Probably gonna try for an avalanche rather than a snowball. I've made plans to quit alcohol and not eat meat between Monday and Friday. Hopefully, taxes serve as a booster rocket rather than a speed bump. I worked two jobs for 26 weeks last year and four jobs total so my income is gonna be all over the place.

What I really need help with is methods of acquiring stock. Almost 1K went to my 401K this pay period and I feel like I'd rather put that toward stocks rather than something I can't touch until I'm in my 60s
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