"The rich rule over the poor, and the borrower is servant to the lender." Proverbs 22:7

Saturday, June 19, 2010

Debt Thermometer

I've had to update our debt thermometer. Since January 1st of 2010, we've accumulated about $161,000 in Total Debt. Currently as of this post we've paid about $12,250 on that debt. So we currently are about $148,750 under.

This is broken down now by:
  • Credit Card1: $500
  • Credit Card2: $1600
  • Mobile Home in Auburn: $6900 (Hopefully this will sell soon)
  • Stupid Tax (Will explain in a later post): $11,500
  • Student Loans: $134,000

Like I said earlier, these numbers are harder than I thought to figure. When you have lots of debt spread around a lot of different places it is hard to really know how much you owe. I'll update them as the days go on.

Moral of the story: Don't go into debt.

Would you like to make your own Debt Thermometer? You can do it here.

2 comments:

issyamerica said...

You guys can do it! I am so proud of how far you have already come.

Amanda Hicks said...

I was beginning to wonder what had happened to ya. Stupid Tax happens - don't let it deter you from the end goal. Keep us posted!

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