In 49 days, I have decreased my debt by $1,454 from $27,619 (July 22) to $26,165 today (Sept 9). It means that I am paying more than $30 each day towards my debt payment. So, where am I cutting cost? One thing; I am religiously bringing lunch from home. A nice side effect of this is another bodily loss - loss of 5 pounds or so.
PS. I know that I calculated my debt in 49 days. A more obvious approach would to do it monthly. Herein, I promise to show off my progress or share my failure at the beginning of every month by showing my current debt after I have paid my rent, which is my largest monthly expense.
Cool! Congratulations. Any suggestions for healthy food ideas that are also debt reducing?
ReplyDeleteThe Simple Dollar has a suggestion has a few suggestions at http://www.thesimpledollar.com/2009/08/23/eating-what-you-have-on-hand/
ReplyDeletehttp://www.myritefinancial.com
ReplyDeleteThanks for the links both of u..and the interesting follow- up article titled "Foodwise" http://www.mewithoutdebt.com/2009/09/using-what-you-got.html
ReplyDeleteFYI: June 22nd to September 9th is 79 days. :-)
ReplyDeleteRegardless of mathematical details - excellent job reducing your debt... keep it up.
@Matt Jabs: Thanks for catching the typo. The month should have been "July" not "June".
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