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How long will it take me to clear 10k debt? - Page 3

post #31 of 49
7/15/10 at 5:03pm
Thread Starter 
Quote:
Originally Posted by JD_May View Post
Depressing when I look at my $40k student debt.

Though somewhat less when I imagine where I'd be if I lived in the US.

Stampede + Copious Amounts of Babes outside = Not helping my financial situation
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post #32 of 49
7/15/10 at 5:35pm
^Actually that hasn't hurt at all, pretty much everything imaginable is comp'd this week and I managed to not end up in the red at the casino.
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post #33 of 49
7/15/10 at 5:58pm
That student loan debt is nothing. Thats gonna be what...$100 a month at the standard payment plan?

The credit card debt is the issue...its not super high (though hell no would I ever willingly take on 4k debt at 12%) but you should be rid of it in months with 1500 in excess cash.
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post #34 of 49
7/15/10 at 5:58pm
Quote:
Originally Posted by Jodum5 View Post
Live at home for a year. Barring that, minimize your partying/hobby spending and throw it all at the CC and student loans.

Jodum is right I think. This is the way to do it. It's a painful way to pay down your debts but you'll pay them off faster and you can save on interest this way too. The sooner you pay it off the sooner you will have money to spend on what you like again (assuming you're working).
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post #35 of 49
7/15/10 at 6:03pm
Quote:
Originally Posted by Gander View Post
Jodum is right I think. This is the way to do it. It's a painful way to pay down your debts but you'll pay them off faster and you can save on interest this way too. The sooner you pay it off the sooner you will have money to spend on what you like again aside from those Lanvins you're obviously going to buy from JD later this week because well, why wouldn't you, debt or no debt.
Ftfy.
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post #36 of 49
7/15/10 at 7:36pm
$850 a month for a car/insurance/gas is pretty steep for a recent grad. My brother graduated and bought a Nissan Sentra for $5,000 (granted he had a lot more than $10,000 debt). I'd put off buying that car for a few months while you use that money to hammer away at the credit card debt.
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post #37 of 49
7/16/10 at 12:46pm
Thread Starter 
Well folks, as luck would have it, my sister (whom is also moving to a different city pretty quick here), decided to get a new car, so I'm getting gifted her 2000 Civic haha! I guess I'll drive that around til October/November when the snow really starts pouring down (and I've hopefully cleared my CC debt), and pick up an SUV which I've hopefully found a good deal on.

Thanks for all your input in the thread fellow SF'ers...drinks on me? rack up my CC debt to 15k?
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post #38 of 49
7/16/10 at 1:28pm
Quote:
Originally Posted by 1up View Post
Well folks, as luck would have it, my sister (whom is also moving to a different city pretty quick here), decided to get a new car, so I'm getting gifted her 2000 Civic haha! I guess I'll drive that around til October/November when the snow really starts pouring down (and I've hopefully cleared my CC debt), and pick up an SUV which I've hopefully found a good deal on.

Thanks for all your input in the thread fellow SF'ers...drinks on me? rack up my CC debt to 15k?

A civic with winter snow tires (blizzaks or something) should be fine. I drove in upstate NY winters for 4 years with a FWD car on winter tires and never once felt unsafe. The SUV would be nice for hauling people/stuff for trips or whatever though.
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post #39 of 49
7/16/10 at 2:08pm
Thread Starter 
Yeah, I live pretty close to the mountains, so it'd be nicing having an SUV once snowboarding season comes around...but I can't be making these trips until my debt is reduced..so priorities first! (Clothes are a priority too )
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post #40 of 49
7/16/10 at 2:32pm
Get a used/last years model Subaru impreza hatch/outback then. AWD means you can drive in icy weather, and they're quite spacious.

But I'm sure you have a million justifications regarding why you want an SUV, it's your money in the end.
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post #41 of 49
7/16/10 at 3:46pm
Thread Starter 
Quote:
Originally Posted by celery View Post
Get a used/last years model Subaru impreza hatch/outback then. AWD means you can drive in icy weather, and they're quite spacious.

But I'm sure you have a million justifications regarding why you want an SUV, it's your money in the end.

Yeah, definitely an option, but I've just always wanted an SUV for the size capacity (I live close to the mountains so camping and snowboarding are always on the agenda). Guess I've got a few more months to keep searching!
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post #42 of 49
7/16/10 at 4:53pm
A week trading in Forex.
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post #43 of 49
7/16/10 at 5:01pm
Quote:
Originally Posted by whiteslashasian View Post
A civic with winter snow tires (blizzaks or something) should be fine. I drove in upstate NY winters for 4 years with a FWD car on winter tires and never once felt unsafe. The SUV would be nice for hauling people/stuff for trips or whatever though.

Agreed, that Civic will be fine. My family had a Civic when I was growing up and we had no issues in winter.

Much of winter driving is skill and having proper tires. I don't know why some people have thirty different shoes but they refuse to get snow tires. People wear different shoes for different occasions. Cars are no different.
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post #44 of 49
7/16/10 at 5:06pm
Thread Starter 
Quote:
Originally Posted by Ace Rimmer View Post
Agreed, that Civic will be fine. My family had a Civic when I was growing up and we had no issues in winter.

Much of winter driving is skill and having proper tires. I don't know why some people have thirty different shoes but they refuse to get snow tires. People wear different shoes for different occasions. Cars are no different.

It's not necessarily for winter driving in the city though, I work for an onshore drilling company (no bp oil spill), so I'll be required to drive out to some remote locations with varied terrain (hence the need for an SUV).
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post #45 of 49
7/16/10 at 8:55pm
Quote:
Originally Posted by Toronto34 View Post
A week trading in Forex.

He was trying to get rid of the debt, not make 10k new debt.

Quote:
Originally Posted by 1up View Post
It's not necessarily for winter driving in the city though, I work for an onshore drilling company (no bp oil spill), so I'll be required to drive out to some remote locations with varied terrain (hence the need for an SUV).

I would wager you still can do an alright job in a civic. Modern cars can handle most terrain just fine. If they expect you to be driving over ungraded terrain with 6" rocks...they will probably be providing you a vehicle.
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