Debt Owed to M

I was asked in the comments about my current relationship with M (my ex, who I was with for six years). We're still very good friends, I'm happy to say. He's doing well; trying lots of new things.

I still owe him a lot of money, which I've finally started tackling.

I owe him $26,554 and have paid him back $5,700, leaving a total balance of $20,854. I'm paying him $100 per month for now. At that rate, it would take me 17 years to pay him back (damn, did I do that math right? argh). Obviously I want to increase that amount, and will do so as soon as I get a better job.

I also owe him $5,000 for a car he purchased for my mother. I'm hoping one day she can help pay some of that back.

I have a long way to go... It's overwhelming sometimes. But I'm trying to think positive.

3 comments:

LBC Teacher said...

I wondered that too. Sounds like you've made a decent dent so far. I'd love to read a post on how you'll tackle your debt. Would you consider it a priority over other debt, even though I assume there's no interest?

Sunflowers said...

Right, no interest. Although I would like to pay him something extra in the end... assuming I have a much better paying job. I do consider it a priority over most of my other debt.

Canadian Saver said...

I think it's great you are still friends... good job paying back the debt, sounds like you have a great plan!

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