Wednesday, August 4, 2010

Sold another car - now share 1 car

Just a quick update. Last month we sold one of our cars. My wife and I now share 1 car between the two of us. My wife doesn't like it but financially it means we save $60/month on car insurance. Plus it helps a little with college costs.

Sunday, August 1, 2010

Update: Still paying off debt

Been a while since my last post.

We sold one of our cars. Now my wife and I share one car. Takes coordinating our work activities.

My debt now stands at about $78,800 total = $9400 (end of car lease debt) + $69,400 CC debt.

I'm still working my part-time job but my yearly income is still down about $20K a year for 2009 and 2010 (so far).

I'm hoping to settle with one of my creditors for 3 CC balances. I'm totally insolvent so I'm not worried about taxes: I owe more than I have assets.