The state of our debt – April 2017

This post wasn’t easy to write.

In fact, I’ve been dreading it for months.

But in my recent declaration of becoming debt free by 30, I promised to document our journey to becoming debt free on this blog – including the ugly numbers.

So, here we go…

The state of our debt – April 2017 – $51,605.19

As of April 1, 2017, we are $51,605.19 in debt. And that ain’t no April Fools joke.

Alright, alright – let me have it! I can already hear the groans, the disappointment, the eye rolls all the way from here! I know, our debt is unbelievable to me, especially because I can read back to a previous post on this blog where I’m literally describing how close I am to debt-freedom. *sigh*

Life moves fast, y’all.

The state of our debt – April 2017 breakdown

Let’s get into what kind of debt we’re in. Here’s our breakdown:

State of our debt - April 2017

Per the chart above, our debt breakdown as of April 1, 2017 is as follows:

  • Credit cards – $21,055.37
  • Student loans – $23,316.26
  • Car loan – $7,233.56

The state of our debt – April 2017 updates and notes

  • Even though all of our non-mortgage debt fits into three categories, it is made up of fifteen different loans (see below).
  • We have decided to tackle our debt using the debt avalanche method. This means we’re paying the minimum payment on all of our debt and any overage is going to the debt with the highest interest rate. The order of the payoff of these 15 loans is as follows: State of our debt April 2017
  • I mentioned in my first post of debt free by 30 that we can only afford the minimum payments on our debt. Well, this month, we’re vowing on throwing an extra $200 to Credit Card #1. It’s not as big of a dent as I’d like, but it’s a start. Hopefully next month we can pay off Credit Card #2 completely.

*Deep breath* Alright. There it is – all of our debt in its ugly, all-consuming entirety. The first step is acceptance and knowing your numbers. Well, $51,605.19 is our number.

We’ve got a lot of work to do.



  1. The One In Debt April 24, 2017

    any chance you can roll those CCs into a CC with 0% APR promo? Or roll it into a consolidation loan at a much lower rate? Of course this means no more CC use! rooting you both on! you can do this.

    • Lisa E. April 25, 2017

      Hi! Yes, I’ve actually looked into this and applied for a card with 0% APR promo, but haven’t gotten approved. I’ll probably try again in a couple more months. Thanks for stopping by! 🙂

  2. I’m sure that was really hard to write Lisa. That 27% make me cringe, as I’m sure it does for you as well. Good luck on your journey and I’ll be cheering for you!
    Tonya@Budget and the Beach recently posted…March Rewind: My Net Worth RevealedMy Profile

    • Lisa E. April 12, 2017

      Yes – it really was hard to write! And I’m definitely cringing!

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