Hope is a dangerous thing...and the amount of velocity and the direction it can take you is also dangerous.  Well, maybe dangerous is an extreme way to describe it, but I took extreme measures in the last week to better my situation.  I'm not going to lie...I hope that it helps me show my fighting devotion to Jesika.  Right now, it's the driving force behind my resolve and show to myself and hopefully her that fighting for us is just not sitting back and wishing, praying, and waiting.  It's action with a plan, specific details with goals...thresholds…and an end game.

 

Bryan’s Business Plan to Remove ALL debt

 

Total Debt

Discover                                            $7420  - This amount can be settled

Student Loan 1*                                $3184.22 – no settlement available

Student Loan 2**                             $18977.30 – no settlement available

Back Child Support                        <$15,000 – no settlement available

                                                           __________

                                                          $44581.52

As of July 23, monthly income   $3800 (expected)

Monthly Expenses                    $1600

·         Water/sewer     $150

·         Internet             $70

·         Electric             $100

·         Gas                     $100

·         Nelnet **            $289

·         Sirus                   $7

·         Apple                  $15

·         Tithing                $420

·         Pioneer*             $100

Moving into family guest house. Going to increase my hours per week and this fall I should be receiving a moderate pay increase.  I should be able to make $3800-4200 every 4 weeks.  Planning to have $800 go directly into 1^st Bank and the balance and all bonuses to go into my Wells Fargo account.  I’ll maintain a $1000 balance in Wells Fargo for emergency but use the balance to pay down Back Child Support and Discover.  Every two week, 60% of the balance into the Wells Fargo account will be sent directly to Back Child Support while the balance will be saved to push for a favorable settlement with Discover.  My guess, I’ll need $5150 to settle, which would save me $2270.  Which ever is paid off first, then the balance will go towards the later.  A & D are paid off, then I’ll knock out Pioneer with a single payment and hopefully a settlement.  Then it big account of Nelnet will be that last and hopefully $2500+ will be used until I’m debt free.

 

Every 2 weeks                   $800                                      à 1^st Bank (Expenses)

                                                $Bal & all bonuses           à Wells Fargo (Pay off Debt)

 $2000-3500 a month will be put towards Debt

$2000/mo – 22.3 months

$2250/mo – 19.8 months

$2500/mo – 17.8 months

$2750/mo – 16.2 months

$3000/mo – 14.8 months

$3250/mo – 13.7 months

 

ITEMS I COULD SELL TO EXPIDITE DEBT????

·         VW Bus - $3-$6K pending on when & how

·         Cello - $1000

·         Bike/Trainer/rack - $800-1000

·         Bed/Headboard - $250

·         Guitar - $750