Moving Out . . . or Up?

Total Black: $2,057.83
Total Red: $230,820.71

I’ve received a few comments and suggestions about my financial situation and one piece of advice that repeats is that I should move or change apartments.  So, I thought I’d address that option here.

Fourth Day of Accounting

The 10th of the month has arrived already and with it comes my fourth day of accounting.

Total Black: $64.23

Here’s the Breakdown:

Primary Checking: $0.06
Secondary Checking: $0.00
Savings: $0.00
PayPal Account (Personal): $0.22
PayPal Account (Blog): $0.00
Amazon Payments Account: $0.00
Mutual Funds Account: $63.95

FICO Score 497

Total Red: $230,977.94

Here’s the breakdown:

Credit Card Debt

MasterCard: $5,813.86
Visa: $8,268.35
Visa: $5,737.47
American Express: $2,398.31
Raymour & Flanagan Credit Line: $5,903.91

Student Loan Debt

Federal Stafford Loans: $96,810.17
Private Student Loans: $33,840.63

Back Taxes

IRS (2007): $1,280.08
IRS (2008): $27,952.00
NY State (2008): $0.00

Other Loans

My mother: $42,973.16

Total black this month is abysmal. 

Strategies and Specifics

Total Black: $129.73
Total Red: $230,272.86

A number of people have asked me how I intend to get debt free in one year.  In the About Laid-Off Lawyer page I detailed the basics about this journey I’ve undertaken.  I’ve not yet mapped out the specifics in how I intend to accomplish this goal.  That’s mostly because I’m not clear on it myself.

Day of Accounting

Well . . . breakfast is complete.  The tea steeped and drunk already.  (And I’m about to start the coffee . . . generally don’t like coffee upon waking.)  And yet no blog.  But for good reason.

I began to blog, but then remembered that I needed my credit score and all the financial data first.  That took a bit of time and purchasing (having to pay for credit reports and scores annoys me).  So, now I begin again.  But first . . . an initial digression about the date (as the telephone just interrupted me), then another digression about money.