When I started blogging about debt I picked a random date that I would lie to be debt free. January 2011 I believe. In 2008, that seemed far enough away - 3 years.
Now that I am a more seasoned personal finance blogger, I decided to let excel speak for me instead. I filled out a debt payoff template and discovered that my random date was waaaay off. About 3 years off to be precise.
According to the template, I will not be debt free till November 2014. If that's not enough to depress anyone, i don't know what is. Some people are making their first million by 30 and I'll just be getting started on wealth building.
*********
IF ANY 16-19 YEAR OLDS ARE READING THIS. STOP USING YOU CREDIT CARDS TO BUY THINGS. YOU CAN NOT AFFORD IT AND YOU WILL PAY DEARLY IN THE FUTURE
************
Now I know my D-day (or d-free day) will be a bit sooner because the calculator does not take into account any pay increases I might have or other money I might receive (tax refunds, gifts etc) but it's still depressing.
I'm going back to extreme saver mode.
Posts
