Thursday, August 21, 2008

Getting rid of debt

I've mentioned it before, but my car loan is making me crazy.  Ever since I read The Total Money Makeover by Dave Ramsey I have been doing everything I could to get rid of this debt.  In fact, I realized that since July 3 I've paid $5026.89 for my car.  It's currently at $10514.81 with an $800 payment pending, so I will finally be below $10k.  

I can't say that buying this car was a mistake, but paying for it definitely has been a financial burden.  Though I knew that the payments were pretty high, taking out the loan was not something we questioned.  Next time around, I want to pay for a car in cash.

Edit: $9719.94 to go!

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