Confessions of a Laid-off Lawyer

Just Your Average Joe Blogging Away His Debt—In One Year or Less

Bringing It Down

with 2 comments

Total Black: $487.48
Total Red: $229,620.35

And so it’s begun.  Total red has finally stopped climbing and started retreating.  It’s an awesome feeling.  Monday will bring me another $500 from completing the medical experiment.  And then next Thursday I’ll have a sizeable check from putting in ten-hour (or more) days all this week.  That’ll cover rent and allow me to dump even more on my debts.

I worked ten hours yesterday.  I got a late start because one of the windows in my apartment had problems for over a month now—I’ve had more drafts than the health care bill.  Finally the landlord’s window person came by to fix things.  The window company was closed over the holidays.  So much for a city that purportedly doesn’t sleep, eh?  I’m on track to get at least sixty hours in this week.  It’s beginning to take its toll on my energy level, but I’ve got two gyms nearby the office, one that closes later than the other.  I’ve hit those at the end of the each night this week.  The unemployment benefits, which I referenced in Sixth Day of Accounting, still haven’t been paid.  Instead I received a letter in the mail from the New York State Department of Labor asking me to explain the break in my unemployment claim.  I received that last time I claimed unemployment benefits after the October contract attorney position wrapped up.  But back then I was also paid.  This time—at least to date—I’ve not been.  I’ll submit the form anyway though.

Guess that’s it for updates.  Short post today.  I’ve gotta run out and buy a few groceries and then head to the contract attorney position.

Written by Laid-off Lawyer

January 14, 2010 at 08:36

2 Responses

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  1. I don’t get it. You do add in the interest that accrues to this debt everyday right? There is no possible way that it should stay the same, even assuming you have good interest rates. I assume that you don’t.


    January 14, 2010 at 19:27

  2. As I’ve said in prior posts, I use Bank of America’s My Portfolio feature. It syncs directly with SallieMae or American Express, for example, and pulls current financials from their websites. The only accounts that aren’t updated daily are the Raymour & Flanagan account, the IRS debt, and my mother. (She’s not charging interest.)

    But besides the above, I’m not aware of any account that calculates accrued interest on a _daily_ basis. Most credit cards and student loans just add it in once a month. Or maybe you use a different system?

    Laid-off Lawyer

    January 15, 2010 at 06:12

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