What I plan on doing first to get out of debtThis is not going to sound like much but I owe $160.00 for a loan I got 5yrs ago that I am going to pay off this weekend, the loan was for replacement windows and getting this last payment to them has been real hard for me I am over 30 day's late on it. They have been surprisingly nice about it and that I am thankful for nothing like dealing with angry collectors. Paying them off will give me $130.00 extra a month.
Getting caught up on my debtI can't start paying off my debt until I get caught up on the bills I am behind on, I am not that far behind so hopefully I will have this none on or around 8/15/12. Then I am one house payment behind plus I owe the IRS around $400.00. I will probably pay off the IRS first you don't want to mess with them guys. Then I will get my mortgage caught up. After that is all said and done, I will set done with all my credit card bills and figure out which one I am going to pay off first.
That's my start for paying off debtWell this is the start of my plan I am really looking forward to getting this ball rolling, And behind me so that I can start helping others and do something useful with my money instead of giving it all to my creditors.
I also will have another loan paid off 9/15/12 that comes out of my paycheck so that will be around $140.00 extra a month.