Comments on: How Much Interest do I pay to Financing Companies and Banks? TOO MUCH!

By: Getting Out Of Debt With Debt Consolidation | Mortage Refinance Advice

Getting Out Of Debt With Debt Consolidation | Mortage Refinance Advice — Sun, 13 Dec 2009 12:38:30 +0000

[...] How Much Interest do I pay to Financing Companies and Banks? TOO MUCH! This post was inspired by a post written by Patrick at Cash Money Life titled, “Do you Know How Much Interest You are Paying Each Month” and Matt Jabs at Debt Free Adventure titled, “How Much Interest am I Paying? Hint, its Less.” Interestingly Patrick uses just examples, and Matt…… [...]

By: Cheap $1000 Payday Loan – Payday Loan California | Mortage Refinance Advice

Cheap $1000 Payday Loan – Payday Loan California | Mortage Refinance Advice — Sat, 12 Dec 2009 22:45:00 +0000

By: uberVU - social comments

uberVU - social comments — Sat, 28 Nov 2009 01:25:00 +0000

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By: How Much Does Your Debt Cost? | fivecentnickel.com

How Much Does Your Debt Cost? | fivecentnickel.com — Thu, 12 Nov 2009 12:01:33 +0000

[...] How Much Interest Do I Pay? TOO MUCH! – MyJourney said his calculations made him “sick to [his] stomach!” [...]

By: Evan

Evan — Wed, 04 Nov 2009 21:19:34 +0000

100% correct, but I still need to determine which debt I am going to Attack

By: Evan

Evan — Wed, 04 Nov 2009 21:18:27 +0000

We should start a Movement! This literally angered me lol

By: Matt Jabs

Matt Jabs — Wed, 04 Nov 2009 17:00:22 +0000

Exactly. For example, the post I wrote that you mentioned is actually an update to my first post back in April. 6 months later I am paying $58 less every month! That progress is very encouraging and is a steady motivator for me to keep POUNDING debt so I can watch the numbers dwindle and keep putting more & more money back in my pocket.

It’s basically reverse compound interest!
Matt Jabs´s last blog ..Personalized Gifts � Spend Less and Love More

By: Patrick

Patrick — Wed, 04 Nov 2009 16:06:38 +0000

Wow, eye-opening indeed! I would definitely contact your student loan company to determine what is going on with loan number 2. The good news is that the more you pay down your debt, the lower your principal, and the less interest you pay. So as long as you make continuous payments and don’t add debt, your ratio will improve.
Patrick´s last blog ..How to Lower your Auto Insurance Bill

By: Matt Jabs

Matt Jabs — Wed, 04 Nov 2009 15:46:16 +0000

Way to go man… I’m so surprised I haven’t heard much more of this idea catching on, glad you found it and used it – soooo eye opening.

If people want to get really mad at their debt, this is one calculation they need to make ASAP!

The good news is… the turtle wins the race every time!

Cheers man.
Matt Jabs´s last blog ..Homemade Christmas Ornaments & Decorations