I'm 33 years old and work in the education field. I have 2 small boys, a husband, a full time job, and I owe way too much money. I still can't believe I'm in so much debt, but I'm determined to get out of it in just about any way possible.
Emergency - 1373.62
Christmas - 101.62
Yearly Expense Budget - 141.23
Life Insurance - 89.16
Vacation - 11.00
Clothes - 16.00
Home Improvement - 16.00
New Car - 11.00
1. To pay off CC1 by Jan. 1, 2008 (done)
2. Begin teaching the value of using money wisely to DS1 (4 yrs old) and DS2 (2 yrs old) by allowing them to earn extra money.
3. Pay off CC2 by February '08. (done Nov '07)
4. Pay off CC3 by June '08
Congratulations! One down, two more to go, and then you can knock out the student loan debt, which should be a little less onerous because you can get a student loan interest deduction off of your taxes for that.
Have you thought about trying to roll over what's left into a consolidated, low APR balance transfer? Depending on what cards you currently have, it might be worthwhile to lower your APR, freeing up more money to pay towards knocking down those credit card bills.
Again, congratulations! The sooner you can get that monkey off of your back, the happier you're going to be!