canadiandebtgirl

Posts Tagged ‘Links’

Approaching 50% of Credit Card Debt Paid Off

In Uncategorized on November 4, 2010 at 8:00 am

A milestone is near.

I will soon be halfway there: halfway to credit-card-debt-free that is!

When I began this journey, I was more than $30K in debt. And that is if you only counted my credit cards. I also have student loans, a car loan, and a mortgage that don’t get included in my debt tally – yet. Once my line of credit VISA is paid off, you will see them added into my debt repayment plan.

In only 19 months (since May 2009) I have cut that number in half. The official anticipated date for paying off Credit Card #2 will be December 10, 2010, and I will be down to one credit card balance on my line of credit at a measly rate of 5.65%. Though the remaining balance is the highest, this card has the lowest interest rate. I’m looking very forward to seeing quick progress on its repayment once I’m paying more than the minimum.

I owe all of my debt repayment calculations and motivation to this Debt Reduction Calculator. If you are only just now beginning your journey to debt free, or would even just like to see how long it really will take to pay off your mortgage, I highly suggest you go download this free Excel spreadsheet now.

I’ve got some other things I would like to give credit to for my debt repayment plan working, but I’ll save them for a separate post. 🙂

Ex-student off hook for 50K in loans

In Uncategorized on November 19, 2009 at 11:39 am

What the heck?! Maybe I should try this!

RBC Gives Up 50K In Loans

Canadian Debt

In Uncategorized on May 30, 2009 at 11:07 pm

Here’s an interesting study done by the Certified General Accountants Association of Canada indicating Canadian household debt and feelings towards it.

Spend Less Than You Make

In First Steps on May 12, 2009 at 10:08 pm

Seems like simple logic.

It is a very basic principle to succeed with your personal finances.

In my case, I will be spending a great deal less than I make in order to divert most of my money towards debt repayment.

Here are some great websites and blogs I’ve used to beef up on the subject:

Get Rich Slowly
Gail Vaz-Oxlade, of ‘Til Debt Do Us Part’ fame
Man Vs. Debt
Dave Ramsey
No Credit Needed