PinchingPennies

Saving money to pay off student loans and consumer debt

Credit Cards and Student Loan Debt Oh My!

Or an update.

My student loan balances have been going down steadily but the credit cards have been a bit of a challenge. When we moved, I had to put part of the move on the credit cards and paying down the balances has been slow going. If I was following Dave Ramsey, he’d say to pay off my smallest student loan to gain momentum and then pay off all debt from smallest to largest. I tend to pay things off from the biggest interest rate to the smallest but that would put my student loans dead last.

Since my smallest student loan is “only” around $600, I think I will focus on knocking that one off first. Maybe Dave Ramsey will be right and it will get the ball rolling so to speak. Even if he is wrong and I am still discouraged, that student loan will never come back the way my credit card balances did. 😦

Updated my debt chart to keep myself honest.

April 3, 2011 Posted by | Credit Cards, Student Loans | , , | Leave a comment

The New Selling Used Crap Economy

It sucks.

We are trying to get rid of 75% of our stuff before we flee to Europe and selling on Craigslist is slow and infuriating. I had someone offer $50 for my $300 jogging stroller because the brake (a bike-type brake) needed to be adjusted. People hem and haw about a $5 purchase. It is flat out not worth it.

Taking books to the big used bookstore near me is almost as bad. On my last trip, I took 2 big boxes of books and had over an hour wait for an offer. There were seriously more sellers than buyers. I asked the guy that helped me about the wait time and he said it has been really busy all summer. Cleaning and decluttering, I guessed? No, the economy. People are broke.

A recession is the wrong time to sell all of your stuff. Dave Ramsey might want to update his advice for this new, sucky economy.

August 16, 2009 Posted by | Earn Money | , , , , | 1 Comment

Dave Ramsey Books On Sale

Dave Ramsey’s books, including The Total Money Makeover (TTMM) are on sale on Dave Ramsey’s website.  Of course the library is free and there are also a bunch of Dave Ramsey’s radio shows on YouTube (also free). Maybe being gazelle intense should start with not buying the book. 😉

June 27, 2008 Posted by | Deals, Sales | , | Leave a comment

Paying Off Smaller Student Loan

Reminder – always check that extra payments are credited correctly.

The state sent me a check for $1034.17 of back pay a couple of weeks ago. Being a good little Dave Ramsey follower, I sent the money to my student loan company to pay down one of my smaller loans. To apply the check to one loan in particular, I have to write the loan number in the memo portion of the check. The student loan company didn’t notice and instead applied the check to all of my loans so the smallest loan only received $65.

A phone call later and the customer service person assured me they would fix it. We’ll see.

April 25, 2008 Posted by | Student Loans | , , | Leave a comment