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My Debt Reduction

November 7th, 2006 at 02:35 am

Well after toying with quicken again I plugged some numbers into their debt reduction planner and came up with this:

Amount $1250 month

3 Loans: 1 22.99% owe 7440 - Personal
2 7.5% owe 52000 - House
3 7.14% owe 6891 - Student Loan

If we follow Quickens debt strategy we can be out of debt by Mid 2012. I think I might try it out. We will have to tighten our belts some more but it would be great to own the house in less time than expected. Now to convince the wife it would be possible.

Craig

Posted in Uncategorized | 3 Comments »

3 Responses to “My Debt Reduction”

  1. Amber Says:
    November 7th, 2006 at 04:22 am 1162873334
    1162873334

    Get those belts tighten and good luck Wink

  2. rduell Says:
    November 7th, 2006 at 11:21 am 1162898508
    1162898508

    I'm using the Quicken Debt Planner too and that's about the time it says it will take for us to pay off everything. Wanna race? LOL!

  3. LdyFaile Says:
    November 7th, 2006 at 07:51 pm 1162929088
    1162929088

    I might plug numbers into Quicken again to see what it says. Especially since I don't have my student loans in the mix as far as Quicken is concerned and my focus is on Credit Cards right now. Hmmm.

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