Debt Report June 2007
Original debt balance (before continued interest): $157,171
Gross payments made: $1,746.00
Starting debt balance this month: $158,323.45
Current debt balance: $158,094.75
Net debt (principal) paid off: $228.70 as of June 24, 2007
Let’s do the math: 1746 - 228.70 = $1517.30 has been paid toward interest and fees. That really bums me out. 
That’s not exactly the whole picture, though. It’s really worse. I will pay off a $1200 debt by the end of the week ($200 remaining) and I have paid 2/3 of the second debt and only owe $210 more to pay it off. So I will have paid $1620 in principal and my snowball will rollover twice by the end of July. So the gross amount paid is a lot more principal than the simple calculation shows. It’s just that some creditors are still charging so much interest and fees that I’m not making any headway (and falling farther behind) with those farther down the slope. I guess that’s the price I’m gonna have to pay — stupid tax.
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