Live Debt Free

Pay off debt. Save. Give. Live your mission.

  • Blog
  • Contact Us
  • Credit Scores
  • Spending
  • Investing
  • Earn Money

How Much Interest [Autumn 2011]

11.11.2011 by Matt Jabs //

My regular updates on “how much our debt costs” have been irregular for a reason. I can’t tell you why now, but promise to later. For now know that our debt free adventure is in full swing and progress is made every month.

How much interest we pay on debt

If you have never considered how much interest you pay on your debt you need our How Much Debt Costs Spreadsheet.

Recent amounts we paid toward interest on debt:

  • August 2011 – $256
  • September 2011 – $248
  • October 2011 – $242

For you numbers geeks, like me, that means the interest on our debt costs a rounded daily average of $8/day for the past 3 months. Not bad but still $8 too much for me.

Regular readers might notice the huge reduction in our interest costs, but as mentioned earlier I cannot discuss the reason now – but stay tuned.

Where I’d rather spend $8/day

This list could go on and on so here are just a few things I’d rather put my $8/day toward:

  • Food or clothing for fatherless children.
  • Flowers for the women in my life (think wife, moms, and sisters).
  • A virtual assistant.
  • My savings account.

I have a lot of ideas, as I’m sure you do too; just about anything is better than spending money on interest from debt. Think about this long and hard and be sure to run your own calculation so you can see how much the interest on your debt costs you each month and each day.

More debt = less power

He who issues debt holds power, he who has it is in servitude. Use this article to find your numbers and gain motivation to eliminate debt.

Less debt means more freedom. Trust me, over the last 3 years I have watched my debt dwindle and freedom grow… and there is a direct correlation.

****

Categories // Debt Tags // Debt, interest

Popular Posts

  • Understanding & Improving your Cash Flow
  • Credit Card Debt Reduction Handbook
  • Our Monthly Debt Reduction and Savings Statements
  • Pay off Credit Cards VS Build Emergency Fund Savings - Me VS Suze Orman
  • Credit Cards - Close 'em Shred 'em & Forget 'em!
  • More Reasons to Pay Off Credit Card Debt
  • Wise Use of Paid off Credit Cards? You Decide.
  • The Whole Armor of Personal Finance
  • One World Currency - New World Order
  • Debt Testimonials - Encouraging Success Stories!

Disclaimer

Content on Debt Free Adventure is for entertainment purposes only. Rates & offers from advertisers shown on this website may change without notice: please visit referenced sites for current information. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. We respect your privacy. Privacy policy.

Popular Posts

  • Lending Club - My Review of Social Lending
  • Understanding & Improving your Cash Flow
  • Credit Card Debt Reduction Handbook
  • Our Monthly Debt Reduction and Savings Statements
  • Pay off Credit Cards VS Build Emergency Fund Savings - Me VS Suze Orman
  • Credit Cards - Close 'em Shred 'em & Forget 'em!
  • More Reasons to Pay Off Credit Card Debt
  • Wise Use of Paid off Credit Cards? You Decide.
  • The Whole Armor of Personal Finance
  • One World Currency - New World Order
  • Debt Testimonials - Encouraging Success Stories!

Disclaimer

Content on Debt Free Adventure is for entertainment purposes only. Rates & offers from advertisers shown on this website may change without notice: please visit referenced sites for current information. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. We respect your privacy. Privacy policy.

Copyright © 2023 · Modern Studio Pro on Genesis Framework · WordPress · Log in