So tomorrow, tomorrow... my partner & I go pick up a check for $53,000. She refinanced our house and I co-signed. Our mortgage of $180,000 starts over, but we opted for the cash-out refinance because the mortgage rate is way better than our student loan or credit cards rates. So my debt is actually more like $212,000 or at least $122,000 - but I'm going to ignore that for now. The biggest chunk of this "cashback" will be for some renovations the house needs (walls are crumbling) and another big chunk will go to pay down my ladyfriend's student loans. She isn't in the same credit card debt mess that I am, but she owes over $150,000 for three degrees. The highest amount going to her graduate degree for social work - as if social workers will ever be able to pay that off. The higher education system in the United States makes me so, so sad. I wish gap years were mandatory. I wish I could have figured out some life stuff before being thrown into college.
Anyway, there should be a little left over for me to pay down some of this debt. I am hoping to have it under $30K by September 1st. I should be able to do that with or without this extra cash. I want to zap my Chase Freedom ($2,952.43 @ 22.99% apr) so I can then move on to my next smallest debt, my student loan which is just under $2K now. I guess I'm snowballing. Here we go.
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