My Debt Quest

Here is my situation as of 4/3/2009. The (% change) is relative to the update from 3/20/2009, two weeks ago.

Savings - $1,562.90 (+34% change)
ING Direct - $1,016.39
USAA Savings - $512.13
SEFCU Savings - $34.38

In addition to my regular $100 savings contribution to the ING Direct account, I was able to restock the USAA "short-term emergency fund" to $500.00 with this last paycheck.

Revolving Debt - (-)$18,200.00 (+3.3% change)
USAA Mastercard - $0.00
Universal Card - (-)$18,200.00

As mentioned in my 3/20 update, the revolving debt is my primary target. At the very least, I need to pay down the $12,000 balance transfer offer by 3/10/2010, or a minimum of $1,000 each month. My goal, though, is to take out the entire balance of revolving debt by this December. In order to do this, I need to pay off $2,000 each month for the next 9 months. This is not possible with my current situation, so I need to come up with a combination of (1) lower expenses and (2) higher income. More on this later.

Loans - (-)$27,998.50 (+1.0% change)
Direct (Education) - (-)$3,800.21
SEFCU (Education) - (-)$2,723.50
Toyota - (-)$12,068.37
Volkswagen - (-)$9,396.42

Investments - $7,610.86 (+2.4% change)
Retirement - $5,269.42
Non-Retirement - $2,341.44

As I mentioned before, I'm continuing my meager contributions to both my retirement and non-retirement accounts as I try to target the revolving debt.

Net Worth As of 4/3/2009 - (-)$37,024.74 (+4.3% change)
Net Worth As of 3/20/2009 - (-)$38,624.79

Again, this value does not include the value of any assets or property - only the value of my savings and investments minus the value of any debt. It gives me a number to monitor and nothing more.

(% change)
I consider it a success that over the last two weeks every category shows a positive change. Although the value of the debt and my goal of paying off the revolving debt by December 2009 remain daunting, every small success is motivation to continue pushing forward.