Comments on: Outstanding Debt as of August 2008 http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 05 Mar 2010 09:37:31 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan Healy http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/comment-page-1/#comment-46772 Ryan Healy Fri, 10 Oct 2008 20:21:36 +0000 http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/#comment-46772 Ang - Thanks for the encouragement. Yes, it does feel great. The closer I get to being debt-free, the more peace I feel in my life. You can't put a price on inner peace! Smart what you did... breaking down your income so you know how much you have to spend each month. Ryan Ang – Thanks for the encouragement. Yes, it does feel great. The closer I get to being debt-free, the more peace I feel in my life. You can’t put a price on inner peace!

Smart what you did… breaking down your income so you know how much you have to spend each month.

Ryan

]]> By: Ang http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/comment-page-1/#comment-46769 Ang Fri, 10 Oct 2008 19:17:38 +0000 http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/#comment-46769 Great job paying off that much at one time Ryan. That must feel great! I've self employed also, and have found the unpredictable cash flow does complicate things. I have some credit card debt to pay off and had gotten into trouble by making huge payments -- say $1,000 or more-- to a card one month, when I had the cash, but then the next month things would be tighter and I'd have trouble making even the minimin payments. So recently I've made a budget. I took my yearly income from last year, minus taxes, and divided it by 12, and that gave me what I have to spend each month. I make my debt payments according to that, and will snowball each payment as I get one card paid off. It is giving me piece of mind. Good luck with your quest! Great job paying off that much at one time Ryan. That must feel great!

I’ve self employed also, and have found the unpredictable cash flow does complicate things. I have some credit card debt to pay off and had gotten into trouble by making huge payments — say $1,000 or more– to a card one month, when I had the cash, but then the next month things would be tighter and I’d have trouble making even the minimin payments.

So recently I’ve made a budget. I took my yearly income from last year, minus taxes, and divided it by 12, and that gave me what I have to spend each month. I make my debt payments according to that, and will snowball each payment as I get one card paid off. It is giving me piece of mind.

Good luck with your quest!

]]> By: Ryan Healy http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/comment-page-1/#comment-43037 Ryan Healy Tue, 02 Sep 2008 14:51:20 +0000 http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/#comment-43037 I would use the 0% offer to either pay off the Prosper loan... or possibly pay off a portion of both the Prosper loan and the USAA loan. (I would make up the difference on the Prosper loan with my own money.) Ryan I would use the 0% offer to either pay off the Prosper loan… or possibly pay off a portion of both the Prosper loan and the USAA loan.

(I would make up the difference on the Prosper loan with my own money.)

Ryan

]]> By: MyDebtRefinance http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/comment-page-1/#comment-42948 MyDebtRefinance Tue, 02 Sep 2008 07:09:31 +0000 http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/#comment-42948 Hey Ryan, great progress here! I have a question: Are you planning to take the credit card with 0% interest to pay the 11% loan? If no, what are your plans? your answer will be helpful for me. Hey Ryan, great progress here!

I have a question: Are you planning to take the credit card with 0% interest to pay the 11% loan?

If no, what are your plans? your answer will be helpful for me.

]]> By: debtlessduty http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/comment-page-1/#comment-39854 debtlessduty Mon, 18 Aug 2008 15:04:27 +0000 http://www.debtreductionformula.com/blog/outstanding-debt-as-of-august-2008/#comment-39854 Ryan, Please take a look at my blog. I would love any input from you. Thanks, DLD Ryan,

Please take a look at my blog. I would love any input from you.

Thanks,
DLD

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