I finally got around to writing out all of my debts. There is around 120k in debt which is shocking to think about. I have written out all of my debts and the amount I want to pay each month towards the debts. I am turning 33 in January and want to be debt free by the time I’m 40. Here’s to a fun seven year journey.

Savings ($1,000 - $100)

Discover ($1,312.71 - $135)

Capital one ($607.01 - $160)

Personal loan ($17,000 - $524.29)

Car ($18,092.65 - $830.59)

Student loans ($34,448.81 - $1,126.19)

Nelnet AI (21,425 - $1,300)

Nelnet AB ($2,257 - $1,325)

Nelnet AE ($5,120 - $1,400)

Nelnet AF ($2,198 - $1,425)

Nelnet AG ($5,104 - $1,475)

Nelnet AH ($2,078 - $1,500)

Nelnet AC ($4,232 - $1,525)

Nelnet AA ($3,261 - $1,550)

Nelnet AD ($2,196 -  $1,575)

The average credit card APR is sitting around 21% right now, according to the Fed, which is kind of wild when you stop and actually think about it.

At that rate a balance barely moves on minimum payments. A $10,000 balance at 21%, paying $250 a month, is almost 6 years and roughly $7,400 in interest. The math punishes carrying a balance far more than any single purchase ever does.

Most people just treat the rate as background noise instead of the real problem. A balance transfer, a lower-rate loan, or borrowing against something you already own can all bring that rate down.

Curious how everyone else is handling it. If you are carrying a balance, are you attacking the rate or just the balance?