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How long will it take me to clear 10k debt? - Page 4

post #46 of 49
Quote:
Originally Posted by mondayc View Post
$850 a month for a car/insurance/gas is pretty steep for a recent grad..

that is really steep. 850 for just car stuff a month for one person??

we dont even pay half that.

$175 total a month for 150g/300g full coverage car insurance for two cars.
$212 total a month on gas ($3/gal) for two cars (used to be).
cars paid off many years ago (used to be about 600 bux total for payments on both cars).

now i take the vanpool to work (van is fully subsidized by my work) so all i have to pay is gas:
now my share of gas is only $37 a month so with two cars it's about

$115 a month on gas for two cars now
post #47 of 49
If you reduced your car expenses by half and put the other half into low risk mutual funds each month, you'd retire a millionaire.

http://www.youtube.com/watch?v=iIgLyl66QxQ
post #48 of 49
pay down your credit card first, 12% is bad in the grand scheme of things. With your income, you can get rid off the credit card bill in less than 6 month.

you said yot a civic for free, that should do for even up till the beginning of winter, FWD in winter is actually not that horrible. Personally if I were you I would suck it up and pay all the debt down within a year, thought that's just my personal preference.
post #49 of 49
Quote:
Originally Posted by Sherlock View Post
If you reduced your car expenses by half and put the other half into low risk mutual funds each month, you'd retire a millionaire. http://www.youtube.com/watch?v=iIgLyl66QxQ
Without clicking the link I'm gonna go ahead and wager a guess that it's Dave Ramsey, amirite? Anyway, in the post financial crisis era I don't think dumping everything into index funds will be the safe bet it was a generation or so ago. Consider that the Nikkei has lost 75% of it's value since 1990 when Japan's bubble burst.
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