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Alright, I am in no place to give advice as I'm huge in debt but after looking around this is my current game plan.
I have $1,000 in a money market savings account. I use Mint to track my debts and budget. I do all of my spending using credit cards (budget tracking!! transaction detail software is a great help for staying on budget!). Also, this way I can pay my living expenses a month after I used them, which means I know EXACTLY how much I can pay on my debt. After paying off my living expenses credit cards I pay as much as I possibly can on my debt! |
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I agree, the second job, cheaper budget (living on rice and beans if need be) will definitely help get your repayment plan on the right track. I also think it is important to remember not to limit yourself too much in your budget or you will be highly unlikely to follow it.
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