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Tuesday

July 1st, 2008 at 02:45 pm

I called nelnet and was given a foreberance until Jan 09. I am accruing inerest of $240 each month during that time. I took public transportation to work today. I can save $10 a week buying a pass. I still need to commute outside of my city to various appointments throughtout the month, but I can save the mileage on my car. I don't know if trying to sell my car would work for me. It would be wonderful to use that money for debt. But in reality, I have a 10 year old son, what if i have an emergency? Not having a car is like taking away a major piece of my every day life. I wonder if that is too drastic?

2 Responses to “Tuesday”

  1. ceejay74 Says:

    That's good with the student loans; in 7 months you'll be done with the private-school debt and be better able to cope with the loans. If you can pay anything on the interest, remember those payments will be tax-deductible at the end of the year, so if you have a surplus at any time you may want to use it for that. (Oh and if you use H&R Block for taxes, look around for nonprofit organizations that will help you for less money or for free.)

    And that's great using public T! $10 per week is $520 in a year. I understand keeping the car for emergencies, but even cutting back on using it will save you more than $10 per week I bet.

    Keep it up!

  2. saj Says:

    As soon as the $200 school debt is done, I can begin to pay other bills. I have two credit cards, that are in collections, but I can't do anything with that until I have something to give them. So I wait it out and and as the days go by, I deal with the companies that are bugging me the most. The rest of my debts are old, old, old, and just a memory on my credit report, but they are there, not pressing, but need to get paid.

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