Where’s the Debt – April 2012

April 1, 2012

Well it is April 1, 2012 and that means it is time for another installment of “Where’s the Debt?”

My very first, Where’s the Debt? post was published on 3/22/2010. I have been writing about my debt situation for two years now. (Yep, my 2 year blog anniversary has come and gone with no big fan fare or cool giveaway, bummer dude.).

In March of 2010, my debt was over $37,000. Sadly, it’s more now due to further fees being tacked on and my decision to return to school. However, I feel better about my situation now than I did 2 years ago. The increase in my debt has allowed me to move out of a very bad situation (for both my mother and I, we do not live together well). And it has allowed me to start a new career with freelance writing.

All in all, I’m feeling good about my financial outlook.

If you take a look at my financial goals, you can see the progress that I have made.

* Build Emergency Fund – $1000

* Pay off 5/3 Mastercard – Balance = $275

*Pay off Dell – PAID in FULL!!

* Pay off Paypal Mastercard – $1500

* Pay off Capital One  – $2000

* Pay off Chase 1 – $2200

* Pay off Chase 2 – $5000

* Pay off Discover – $6000

In case you didn’t see what I wrote above or my post earlier this week.

I paid off a credit card bill!

So I still have a ways to go but now I can roll the $50 I was paying on Dell into my MasterCard’s current payment of $25 and it will be paid off in 3 months without throwing any extra funds I have towards it. I’m hoping that I can actually get it paid off by the end of April.

And that’s where the debt is for April 2012. I hope you are doing well with your own debt free journey, if you are on one.


I also blog at A Five Star Life. I write about anything that comes to mind but try to focus on finding the good in daily life.

6 Responses to Where’s the Debt – April 2012

  1. Anna on April 1, 2012 at 7:43 pm

    Congratulations!!!! :)


  2. Amanda L Grossman on April 1, 2012 at 7:54 pm

    Great job on paying off your credit card. I hope freelancing can speed things up for you?

    Also, sorry I have not been around much! I have been sick, but am feeling better. Just trying to get all of my energy back now.
    Amanda L Grossman recently posted..Frugal Confessions – Frugal Living


  3. Canadianbudgetbinder
    on April 1, 2012 at 8:21 pm

    Congratulations, on what you have accomplished in 2 years. It’s amazing how much one can learn about themselves when they take more interest in their finances. I think you are well on your way to debt freedom and once you get there it will be a well deserved pat on the back. Cheers Mate.


  4. MommaStar on April 2, 2012 at 7:28 pm

    Congrats on the dell payoff. Soon it will all read zero balance. Keep up the good work.


  5. Elizabeth @ Broke Professionals on April 3, 2012 at 7:08 am

    I paid off a car loan last month ($9300), and it felt sooooo good! That leaves my husband and I with just my student loans (which my parents graciously pay) and our mortgage.
    Elizabeth @ Broke Professionals recently posted..Perfectionism On The Job: What It’s Costing You


  6. Bryan on April 3, 2012 at 1:27 pm

    Good work on paying off the Dell account. Keep up the good work!
    Bryan recently posted..



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