Sunday, August 25, 2013

On debt still

821.92 is how much I paid this month to reduce my debt... and I've only reduced my debt by a few hundred dollars... Anyone notice something about those numbers.  Yup... Interest is a bitch.

Now, let's be straight forward: 312.17 of that is student loan payments, 151.75 is my car payment, which will be done in about 20-25 months.  85 of that is to pay down a medical bill that will be no interest of I pay the 85 every month till it is paid off (it was a larger bill that I simply calculated the payments into 17 months). But the rest, 273, is consumer debt that I am really angry about.
I know I am paying more in interest than initial debt. My student loans with have grown by 42% by the time i pay them off... my car loan closer to 35%.  yup.