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Atlantic City...

December 12th, 2006 at 01:21 am

Just returned from the work Christmas party in Atlantic City. Didn't go to well when it came to making my fortune at the blackjack table! Took the worst beating of my gambling career! It's not much a career...a few trips to AC and a few poker games among friends and family over the past 10 years. A lot of people might say that I am crazy to gamble around the holidays...especially while I am trying to pay down some debt. Maybe I am. All I know is that I didn't lose any money that I didn't plan on losing. When I bring money with me to gamble, I expect to lose it. Therefore I do not "need" the money for anything else. I actually put this into my budget and save up for such a trip. To each his own I guess. At least the debt payoff is going in the right direction. I am almost done with the x-mas shopping and I made all purchases with cash or debit card! Starting January, the debt payoff should start to pick up some more steam. Happy Holidays to all and to all a good night!

A rough month...

October 28th, 2006 at 04:38 pm

October has been a rough month at Chubrock's house! I had to put my aggressive debt repayment plan on hold so that I could save up enough money to redo the bathroom. Water, water everywhere! There were leaks coming from everything! Instead of charging up a fortune to get it fixed, I "rigged" it for the time being but it is only a temporary fix while I save up a few grand. I should have the project complete just in time for Christmas.

It is an ever changing process...

September 23rd, 2006 at 09:25 pm

After about a month of researching how to attack my debt, I have finally written down a plan. I can't believe how easy it was to look at when it was wirtten down!

I have a bunch of small balances on credit cards, under $100 on each card. These will be taken care of by the end of this month. I will then start to pay off my debts one at a time starting with the smallest debt first. It so happens that when I sort my debts by amount and then by APR, they come out in the same order - lucky me!

It feels good to finally have a concrete plan of attack. The stress of figuring out how to do it was crazy. I was racking my brain and scouring the internet for useful information. Anyhow...the debt update for September 23, 2006 = $55043.26. A 3% month!

Change of plans

September 18th, 2006 at 10:34 pm

I have decided to take my mortgage off of the Debt Calander total. It makes me feel better to see a lower number. This was a motivational factor and nothing else.

I have also decided to pay off my car before the credit cards. The reason for this is I have just consolidated all of my credit card debt to a 0% card for the next 18 months. I think it is a smarter move for me to tackle the car loan first since it is at 4.75%. I am hoping to have the car paid off by the time the April 2008 comes along.

The beginning...$56,815.68 in debt!

August 30th, 2006 at 06:18 pm

My debt consists of the following:

Credit Cards
Student Loans
Car Payment

I am not listing items such as utilities, insurnace, telephone, cable, groceries. These are recurring debts that are taken care of in full on a monthly basis. In an effort to become debt free, I will, of course, attempt to lessen the strain that these bills have on my wallet. My plan is a simple one:

Pay off the credit cards
Pay off the car payment
Pay off the student loan

How I go about doing this is a different story. There are plenty of people out there that are willing to give advice. Now if I can just figure out whose advice will work for my situation.