On track to be out of debt in 20 weeks .. how can I make that sooner

[Sulame66]

I owe $13,525 across my 4 loans. I am paying them all off. I don't care that two have < 3% interest rates, I don't want a noose around my neck until I get a house. I currently have $2,400 in my checking account.

I get $1,779 into my checking every 2 weeks from my company. In 20 weeks that's $17,790. In 20 weeks I will have to have paid June/July/August/September/October rent + utilities which average $1,000 a month = $5,000. Let's throw in $1,000 for gas + insurance + cell phone = $6,000. Total net income the next 5 months assuming I don't buy food is $11,790. Add that to the $2,400 I have and that's $14,120. If I can average $120 a month for food for 5 months I will be out of debt 20 weeks from today when I get my last $1,779 and use it to pay off the last bit of the last loan.

How can I make this happen faster?

I currently put 5% into my 401(k), don't see this as an option to remove

Cancel my phone contract? Thought of this, but I pay off my phone this month after a 2 year contract so I save $25 a month by not paying for the device. Speaking of this, I need to find a new contract within 2 weeks ...

Look for cheaper insurance? Tried this, I'm in Dallas with an an fault injury accident from November 2012. It doesn't drop until November 2017 at which point my rates will probably go from $100-$120 to $70-80 if not cheaper

Side jobs? Could potentially get a 12-20 hour shift at some local store for $10 an hour which (if I started a month from today factoring hiring + interviews + delays) = 16 * $10 / week = $160 * 20 - 4 = 16 weeks = $2,560 = ~ $1779 after taxes = ~ 1 extra paycheck

Sell stuff? Only thing I really have that's valuable is an old WoW account with multiple gladiator mounts, 500k gold, Val'anyr, WotLK era world first titles, Diablo 3 + xpac with a level 500 paragon and 400M gold, SC2 with expansions, and Hearthstone with a legend back, 3 fully golden decks with multiple epics and legendaries in each, and several thousand gold + dust leftover ...... of course, selling my account would be illegal ...

Not stress myself and just pay it off in 5 months then come back for a plan for the next steps?

[mustache you a question]

do you really spend 1000 dollars a month on gas/insurance/cell phone?  That seems extremely high...

[marielle]

Sounds like you're in a similar situation as I am. I have $14,600 left to pay off of my student loans, goal is to pay $2500 a month roughly. Each paycheck is $1757 so pretty close to your income.

Where do you live? Your rent is pretty high, I currently live with a roommate but I found a house to rent closer to work that's $450 a month (it's the middle of nowhere though). Roommates can save you thousands, look for someone who works a lot and is never home. I basically feel like I live alone but for half the price.

Don't get a cell phone contract. Prepaid plans are significantly cheaper and it gives you freedom to switch. I've had like 8 different phone companies so far because I switch when I find something better.

Selling accounts isn't illegal, it's just against WoW terms of service, just wanted to point that out.

Might be helpful if you posted a case study.

[Sulame66]

do you really spend 1000 dollars a month on gas/insurance/cell phone?  That seems extremely high...

$1,000 for the 5 months / 20 weeks = $200 a month

[mustache you a question]

do you really spend 1000 dollars a month on gas/insurance/cell phone?  That seems extremely high...

$1,000 for the 5 months / 20 weeks = $200 a month

Sorry misread your post.  That is way more reasonable.

[batemama]

Could you get a more lucrative side job or one where you are paid in cash?  Waiting comes to mind--pick up a Friday and Saturday night shift at a busy restaurant, and you walk away with a decent amount of cash in a few hours.