Sally has looked over her situation and found herself $75,000 in debt - including student loans and car loan - the bulk of the debt. In using her Debt-Free on Any Income book and CD-ROM, she has discovered that she should pay off her car first - even though it has the lowest interest rate and second largest balance. Apparently the large monthly payment will allow her to pay this loan off first at any rate and she will be able to free up a large amount of $$ to put towards other debts.
On the downside, Sally is only able to make a $10.00 power payment each month because her employer jacked insurance up so much this year that her monthy premium quadrupled - yes, you read correctly. She was paying $78/month and now is paying $353/month. What jerks! All similar local employers pay 100% of the employee's monthly premium and then charge for additional family members - gotta hate California!! Her employer is also requiring her to take 5 furlough days this year which adds up to $200 less per month. Anyone see a problem here. She also just discovered that the cash strapped idiots who run California have decided to increase state income tax withholdings from everyone so that she will not have even her paltry $108/month to buy food and gas once all financial obligations are met. Sally thinks the idiots in the state government should waive their paychecks - since they are mostly financially independent - and donate that money to the state employees they are screwing over on a daily basis.
Thanks for reading the rant. Any suggestions for economic improvement are welcome. Also 2 violins for sale - let me know if you're interested. : ~
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