I won't go into how I ended up unemployed so long, but I am here today employed and ready to aggressively pay off my debt. After taxes I am averaging about $2740 income each month.
My expenses are as followed:
Rent/Water/Trash/Sewage $685
Car Payment $273
Car Insurance $180
Gas $100
Cellphone $68
Electric $45
Student Loan $56.85
Internet $22.50
Groceries $200
Total $1630.35
My debt includes:
CC #1: $7,534 - 0% until 11/2018 then 15.99%
CC #2: $4,005 - 0% until 6/2019 then 16.74%
CC #3: $2,490 - 0% until 4/2019 then 21.99%
CC #4: $9,604 - 0% until 8/2019 then 25.99%
CC #5: $1,576 - 0% until 1/2020 then 23.74%
Student Loan: $5,082 at 4.29%
Car Loan: $5,467 at 0% (luckily)
From my calculations, I should have around $1,000 each month that I can put towards my CC debt. My question is what is the best approach to do this? I have been lucky to have all of these cards at 0% but that is going to go away as early as next month for my first card. Should I look into getting more 0% cards? A personal loan? Something else? My credit score is about 670-680. Thank you.
Submitted October 14, 2018 at 01:22PM by weights_about_10 https://ift.tt/2PtgwHb
