Good Ole Albs

(Previously posted on Nov. 26, 2012)
I recently graduated college from a very expensive school. Unfortunately, because I wanted to attend this school, get out of my house, experience life as a college student I am now living back home with my parents like a kid again. I am very grateful my parents have taken me in and am able to work and pay off my debts without acquiring more debt by living on my own.

A friend from college showed me a blog by a girl we went to school with about her journey's with student debts. Her goals are very realistic and she has a great plan. So she has inspired me to do the same thing with my blog. I am transforming it to how I will be paying off my debts and getting out on my own into the real world. This is going to be a struggle so follow along with me and see if I can do it.

Unlike the other blogger I don't make as much money as her. Sad, I know. Currently, my annual salary is $27,000/year and after taxes it comes out to something more like $20,900/year. I make roughly $870/paycheck or 1740.00/month

Here is what I owe for my loans:
                                                                        Monthly payment amount
Student loan 1   7,754. 09                                 15.92
Student loan 2   32,778. 11 (ouch!)                   350.00
Student loan 3   11,564.65                                23.94
Student loan 4   10, 124. 61                              106.70

oh wait there's still more!!!

Student loan 5    2,763.16                                  40.00
Student loan 6    7,497.89                                  90.00

Making my grand total of current student debt: $72,482.51 and my monthly total to $586.56.
Now that is a number I never want to see again unless it is for a house. Because I want to pay off my debts as quick as I can I also want to have my credit cards paid off ASAP as well.

Currently I have 2 credit cards with a balance...

Credit Card 1    $100.00
Credit Card 2    $1,012.85 (don't worry I'm not a shopping addict this card doubles as my work card and I have a few flights booked for the next 2 months. I get reimbursed for my travels. There are some personal purchases on the card, it is the holidays after all.)

Some of my loans I have already increased the amount on to round up the number. I can be kind of OCD.
I know it says I make roughly 1,700/month but I swear I have no idea where it goes!! I guess we will start to find out.