How are things going for you guys financially? Things are slow going here,which is driving me so absolutely crazy.
As things stand today I owe:
$220 on my capital one card. This is for continued dental payments ($188 consultation fee with yet another oral surgeon) and the monthly fee for my home security system. This card is essentially paid off monthly. It is a 0% card until December of 2014.
Approximately $26,090 worth of student loans (this is broken down into 2 separate student loans (1)$20,387 and (2)$5,703- I hope that math is right??) This includes the interest that will accrue for the next 2 weeks until I make another payment.
My monetary assets include:
$10,006 in emergency savings
$1,421 in an interest bearing savings account
$1,650 in a dental fund (this is just money saved up in my checking account, which is specifically set aside for dental work).
I put $1,500 a month aside for dental work. This is killing me because that money could go towards my student loans. I could knock out the small loan so quickly if I could just apply that amount to the loan. I just don't want to accrue any more debt while paying off the loans; especially debt that I have to pay interest on. The interest rate on my student loans is 2.88%. The interest rate on my credit card will be around 13% after December. So I will continue to cash flow my dental work, while slowly chipping away at the student loan debt. Sigh.
I know exactly how you feel! We are paying back our savings (from a credit card payoff) and I watch $2,300 NOT going to debt. It is killing me too!
ReplyDeleteI like action, I want it now. Patience is something I have a life long struggle with.