G
Guest
Guest
Archived from groups: comp.sys.mac.system,misc.survivalism,alt.sys.pc-clone.dell,comp.sys.laptops (More info?)
In article <mwL%c.1939$%N6.1864@trndny01>,
"Thomas G. Marshall"
<tgm2tothe10thpower@replacetextwithnumber.hotmail.com> wrote:
> How can your statement be true? We recently had a surplus. That
> means not just no deficit, but no /debt/ as well.
No, it did not mean no debt at all. It meant that we had more money
than what was budgeted to be spent in each of those years. Part of the
budget was debt payment, not debt payoff.
For instance, if you have the following payments in your budget:
Rent: $700
Food: 250
Phone: 25
Gas: 20
Elect: 150
Car pmt: 325
Car ins: 110
Gasoline: 100
VISA 59
Master Cd: 29
Misc: 75
Total: $1818
And your income for that month was $2000, you would have a $182 budget
surplus even though you owed Master Card a thousand bucks, VISA three
thousand bucks, the car loan $5500, the auto insurance, $400, and the
mortgage, $250000.
You could use that surplus to pay down your debt by making an extra $182
payment to any of the loans or credit accounts you have (or splitting it
between two or more of them), or you could use it to buy something that
you didn't budget for.
--
Stop Mad Cowboy Disease: Vote for John Kerry.
In article <mwL%c.1939$%N6.1864@trndny01>,
"Thomas G. Marshall"
<tgm2tothe10thpower@replacetextwithnumber.hotmail.com> wrote:
> How can your statement be true? We recently had a surplus. That
> means not just no deficit, but no /debt/ as well.
No, it did not mean no debt at all. It meant that we had more money
than what was budgeted to be spent in each of those years. Part of the
budget was debt payment, not debt payoff.
For instance, if you have the following payments in your budget:
Rent: $700
Food: 250
Phone: 25
Gas: 20
Elect: 150
Car pmt: 325
Car ins: 110
Gasoline: 100
VISA 59
Master Cd: 29
Misc: 75
Total: $1818
And your income for that month was $2000, you would have a $182 budget
surplus even though you owed Master Card a thousand bucks, VISA three
thousand bucks, the car loan $5500, the auto insurance, $400, and the
mortgage, $250000.
You could use that surplus to pay down your debt by making an extra $182
payment to any of the loans or credit accounts you have (or splitting it
between two or more of them), or you could use it to buy something that
you didn't budget for.
--
Stop Mad Cowboy Disease: Vote for John Kerry.