Confessions of a Laid-off Lawyer

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

Archive for May 10th, 2010

Tenth Day of Accounting

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Total Black: $2,940.82

Here’s the Breakdown:

Primary Checking: $2,937.02
Secondary Checking: $0.00
Savings: $3.09
PayPal Account (Personal): $0.71
PayPal Account (Blog): $0.00
Amazon Payments Account: $0.005
Mutual Funds Account: $0.00

FICO Score [pending]

Total Red: $234,907.81

Here’s the breakdown:

Credit Card Debt:

MasterCard: $5,000.00
Visa: $7,837.42
Visa: $4,794.08
American Express: $2,435.26
Raymour & Flanagan Credit Line: $6,340.68
Saks Fifth Avenue Credit Card: $370.18

Student Loan Debt:

Federal Stafford Loans: $94,504.20
Private Student Loans: $31,813.92

Back Taxes:

IRS (2007): $1,438.11
IRS (2008): $28,275.80
IRS (2009): $2,840.00

NY State (2008): $0.00
NY State (2009): $2,785.00

Other Loans:

My mother: $46,473.16

Umm . . . yeah . . . so . . . total red is clearly going the wrong way.  And I don’t foresee an opportunity anytime soon to stop it.  But that’s ok because sometimes you need to let something bleed out first.  Keep reading . . .

Written by Laid-off Lawyer

May 10, 2010 at 23:12