Real Estate kid brought you all up to speed on his finances and I figured that since I don’t have a progress bar here I might as well do the same. When I started writing here, I had $55,632.60 in debt. 27.6k were credit cards and 28k were loans. Today, about 3 months later, I’m happy to say that my debt is now $45,765.72. That’s right, almost 10K in 3 months. I have about 17.4K in credit cards and still 28k in loans.
My loans stayed the same not because I didn’t pay on them but because I lost my rebate and my principal increased about $600. I’m really satisfied with this. Before you get too impressed, you should know that this was not totally all my doing. I got some money from my parents which I applied to the debt so that’s part of the reason for such a large decrease. Nevertheless, less debt is less debt!
In terms of earnings, I write for ehow and my earnings have been slowly increasing (emphasis on slowly). It’s nothing to write home about yet but I’m going to write more articles and improve that.
At this rate, I’m looking at being debt free in 3-4 years.
