Current Balances:
1. Timeshare Principal: $24,688.45
2. Star Card: $654.09
3. CU Credit Card: $711.85
Total Debt: $26,054.39
OUCH.
Since September we've paid the timeshare finance company almost $1500 and only $482 of that went to the principal. The maintenance dues also run us an additional $85 every month. Good grief we need to get rid of this loan.
The Star Card is what we used to buy the new computer (with a touch screen for our special needs son). We've already paid $200 towards the balance and it's not accruing interest until August, so we'll be paying that off before then.
Credit Union credit card will be paid off as soon as we get our travel money from the Navy. After two months of training and two weeks of medical hold, Todd checked in to his new command before Christmas and was able to file the claims last week. Hopefully we'll see that money *relatively* soon. That money will also replenish our emergency fund.
Our pay is still getting worked out since they screwed it up with this move... again. As soon as we know what the final numbers are, I can work out just how much we can throw at the timeshare each month.
Ha! Military finance stinks, doesn't it? Especially since they don't really exist anymore. My husband just told me that his overdue BAH *should* hit on the 15th. Too bad his rent is due today.
ReplyDeleteKeep up the great work. Believe me, documenting it is motivating. It sure stinks to calculate the interest and see it all out there in black and white, eh?