Comments on: Debt makes me pissed http://www.punchdebtintheface.com/2009/07/debt-makes-me-pissed.html A fun personal finance blog Sat, 11 Feb 2012 01:47:08 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Dolly Iris http://www.punchdebtintheface.com/2009/07/debt-makes-me-pissed.html#comment-984 Dolly Iris Wed, 15 Jul 2009 17:37:27 +0000 http://www.punchdebtintheface.com/?p=130#comment-984 For years I struggled to pay off debt. I could not understand how I'd put so much money into my debt and had not seen it drop at all. I thought something fishy was going on for sure. When BF and I met he knew I was struggling to pay off debt but was ok with it because he knew I was determined. He is an engineer and a math whiz. One day I showed him all my paperwork and he made me this killer spreadsheet on Exell that showed me how each payment affected the bottom line. I was shocked and motivated. The only way to pay off debt is consistent huge lump payments. For years I struggled to pay off debt. I could not understand how I'd put so much money into my debt and had not seen it drop at all. I thought something fishy was going on for sure. When BF and I met he knew I was struggling to pay off debt but was ok with it because he knew I was determined. He is an engineer and a math whiz. One day I showed him all my paperwork and he made me this killer spreadsheet on Exell that showed me how each payment affected the bottom line. I was shocked and motivated. The only way to pay off debt is consistent huge lump payments.

]]> By: Dr. Faith http://www.punchdebtintheface.com/2009/07/debt-makes-me-pissed.html#comment-965 Dr. Faith Mon, 13 Jul 2009 17:53:48 +0000 http://www.punchdebtintheface.com/?p=130#comment-965 And just think, this is a LOW interest debt!<br /><br />I keep putting away $300-500/month on my credit card and somehow after 6 months I only have reduced my credit card debt by an astonishing... $530. It is baffling - until you of course do the numbers...<br /><br />Debt is so very frustrating. And I wish now I could go back in time and tell that silly little college girl how much MORE she'd end up paying for the stuff she puts on her credit card. Debt is evil and interest rates even more so... And just think, this is a LOW interest debt!

I keep putting away $300-500/month on my credit card and somehow after 6 months I only have reduced my credit card debt by an astonishing… $530. It is baffling – until you of course do the numbers…

Debt is so very frustrating. And I wish now I could go back in time and tell that silly little college girl how much MORE she'd end up paying for the stuff she puts on her credit card. Debt is evil and interest rates even more so…

]]>