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

[sho'nuff]

Originally Posted by mondayc

$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

 

[Sherlock]

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.

 

[clee1982]

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.

 

[dtmt]

Originally Posted by Sherlock

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.
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.