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$18,350.00

November 3rd, 2008 at 05:01 pm

$18,350.00 in credit card debt is alot of money. Roughly 70% of what I may expect to earn next year.
My, that's a lot.

Is there any affluent reader willing to chip in to help in your sincerest random act of kindness?

Let me know. I would love the help.

5 Responses to “$18,350.00”

  1. ceejay74 Says:

    If so, send ME money first! I have way more in CC debt. LOL.

  2. merch Says:

    How do you eat an elephant? One bite at a time.

    Good luck!!

  3. jIM_Ohio Says:

    I have a significant plan I outline in the forums. Send 20% of your gross pay to debt. If the amount appears high, you need to cut back on living expenses to make the 80-20 plan work.

    80% of gross to living expenses (this becomes about 50% of net after taxes)

    20% of gross to financial independance. Debt, investings, savings.

  4. ceejay74 Says:

    JimOhio: So basically 50% of after-tax to debt or savings, 50% to living expenses?

    Interesting. I could almost do it if I didn't allow any extra spending money, but I think my family would mutiny! Smile

  5. Koppur Says:

    Start picking up that loose change on the sidewalks - yes, even pennies! Jingly jingly!

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