As everybody knows paying the minimum payments on cards or any other loan for that matter doesn't take one anywhere. You keep paying the interest for almost until you get too old to have any money left to enjoy.

I was just working on trying to figure out what should probably be the payments every billing cycle. Unless I have a specific target I don't pay serious attention. So, I came up with paying 10 times the minimum payment every time an amount is due.

This way I can pay off my payments very quickly.

Pay check $2500 after 401k, medical, social etc.

Debt - 15,800 across two cards.

Balance on one is 7500 --- Minimum payment is $75

Balance on the other is 8300 --- Minimum payment is $125

My target was to pay off around $1000 every month. But if I try a little harder I think I can come up with $750 + $ 1250 = $2000 every month which is $1000 every paycheck just for payments before my school payments come up.

New budget: Everything is for 15 days.

Paycheck (15 days): $2500

Paying Guest cost : $350

Gas : $150

Expenses : $200

Investment Account: $400

Mortgage : $400

Money left: $1000

I will barely meet the target.

Any thoughts/comments?

I was just working on trying to figure out what should probably be the payments every billing cycle. Unless I have a specific target I don't pay serious attention. So, I came up with paying 10 times the minimum payment every time an amount is due.

This way I can pay off my payments very quickly.

Pay check $2500 after 401k, medical, social etc.

Debt - 15,800 across two cards.

Balance on one is 7500 --- Minimum payment is $75

Balance on the other is 8300 --- Minimum payment is $125

My target was to pay off around $1000 every month. But if I try a little harder I think I can come up with $750 + $ 1250 = $2000 every month which is $1000 every paycheck just for payments before my school payments come up.

New budget: Everything is for 15 days.

**Income:**Paycheck (15 days): $2500

**Expenses**Paying Guest cost : $350

Gas : $150

Expenses : $200

Investment Account: $400

Mortgage : $400

**Total Expenses:**$1500Money left: $1000

I will barely meet the target.

Any thoughts/comments?

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