Quote:
Originally Posted by ceejay74
Personal debt:
CO loan $10,511 8.99% fixed (FOCUSED ON PAYING OFF 1ST)
AX CC $12,188 3.99% fixed
Loan from Dad $6,000 n/a
Mortgage debt:
US Mortgage $177,428 5.75% var.
UK Mortgage 1: $81,376 1.49% var.
UK Mortgage 2: $17,156 1.49% var.
UK Mortgage 3: $18,063 1.49% var.
Education debt:
AS SM $15,801 4.5% fixed
AS FM $2,145 3.0% var.
AS DL $12,581 6.55% fixed
NT DL Subsidized $1,043 unknown (not due til '12)
NT DL Unsubsidized $8,411 unknown (not due til '12)
NT FM $3,743 5.7% var.
NT Education $30,090 n/a til '12
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Are you a Doctor? That is quiet a bit of debt. Anyway, I would repay the debt this way:
Payoff:
1. CO loan $10,511 8.99% fixed
2. Loan from Dad $6,000 - will relieve any tension in the air about money
3. NT DL Subsidized $1,043 unknown (not due til '12) (You need to just get rid of these quickly)
4. AS FM $2,145 3.0% var. (You need to just get rid of these quickly)
5. NT FM $3,743 5.7% var. (You need to just get rid of these quickly)
6. AS DL $12,581 6.55% fixed
7. AS SM $15,801 4.5% fixed
8. AX CC $12,188 3.99% fixed
9. NT DL Unsubsidized $8,411 unknown (not due til '12)
10. NT Education $30,090 n/a til '12
11. UK Mortgage 2: $17,156 1.49% var.
12. UK Mortgage 3: $18,063 1.49% var.
13. UK Mortgage 1: $81,376 1.49% var.
14. US Mortgage $177,428 5.75% var.
You NEED to win some small battles, it will give you an emotional lift if you can knock out a couple of these debts.
Do you have a budget/spending plan?