November was my last debt update of 2009. This is my first update of 2010 as we are taking the time to reflect and regroup in 2010. I do wish I could go poof and this debt would be gone, but unfortunately it is a process. A process that is good for us, because for our family it will be enough to teach us that this is not okay for us. It is not in our plans to be in this place again. I do pray I don’t end up eating those last words at some point in the near future.
January 15, 2010 update
I debated whether to wait till month’s end but decided not to because the visual of it would give me a little push forward.
You are currently $10,766.52 in debt. By using the snowball method and paying an extra $600.00 a month, you will be debt free in April of 2011 and pay a total of $11,344.06.
This is where our family is currently at and we are planning on staying on track or speeding it up as we are able.
You are currently $11,568.16 in debt. By using the snowball method and paying an extra $300.00 a month, you will be debt free in April of 2011 and pay a total of $12,343.51..