Debt

I know of few other things in this world that have caused me more inner turmoil than the black cloud I like to call....debt. Knowing that you're not really working for yourself, but for creditors, has been really difficult to cope with -- well, emotionally crippling, frankly, during the last few years. The worst part is that, despite my most earnest of earnest efforts, I never seemed to make even the smallest bit of progress.

So, as silly as it may seem, I decided to put SG to work for me. I sat down one day and figured out EXACTLY how much I owed -- credit cards, student loans, bank loans, medcal bills, etc. blah. etc. blah. -- I summed 'em all together. Then I figured to the day how long it would take me to pay 'em off if I took x amount out of each paycheck. That was unrealistic -- so I computed and recomputed until I found a day that was realistc, but also not so far away as to be depressing. I counted the days until that date and slapped it right into the head of my journal.

Now each time I update, I get to shave a few days off of that number. And you know what? It feels good. Real good. Sure, things might go wrong -- you can't always plan that far ahead? But my plan also assumes that I won't be getting any raises at work (unlkely) or winning the lottery (very likely) either. What's nice is that doing it this way makes it seem within reach. Give it a try -- it might work for you!

PS: I like boobies

Cool idea. (While you can afford the membership, anyhow.)

Interesting.
I too am shrouded by the black cloud of debt.

I'm a fan! I found your countdown pretty motivating (once the veil of mystery had been lifted ) I may post a variation of it for myself later today. And my savings account has more in it after a few weeks than it has in the last three months, so I'll be writing a fatty check to the first lucky winner pretty soon.

Rock on. We shall each soon slay our beast.

Pshh.
That's what debt consolidation is for.

PS- For me, it's 28 years, 7 months at $250 per month, given 3% annual interest.
You did figure in the interest on those loans, didn't you?

*sits down with calculator*

Bankruptcy for me! Wheeeeeee!

Law school has put me $150k in debt beyond the $80k I already owed for undergrad. Woo hoo! Plus, since I'll be working as a wall street corporate shill, I get to WORK for the creditors that have a senior lein on my soul. Double WOO HOO!!