Inspiration and Start to Life without Loan

inspired by http://nomoreharvarddebt.com/ i am working towards no more loans of any kind. now this is going to require strict planning and definitely hard work. This will need not only planning but support from family as well. I, by myself would have easily forced myself into this but apparently i am married hence of course its not going to be as easy. Since, she will have to also buy into the frugality of this task. This also means putting your finances and life-style in the web. Let's see if we can really live with this. 


i was fortunate enough to avoid loan for my school. and my graduate degree was also paid-for-by-assistantship :).


I will add more about my background and family later but now to the main thing which is how we are going to get out of this debt.


now here is the real deal: 

Bride's Loan
Type	Amount Owed	Apy	Min Pmt.
Credit Card	$ 1,808.93	11.15%	$ 38.00
Student Loan	$ 13,772.95	6.80%	$ 150.00
Total	$ 15,581.88		$ 188.00

I also happened to buy into american's dream and have accumulated more debt during the process and the period via home-ownership. I also managed to accumulate debt for vehicle by befalling into an accident :(. 

                                                                               

My Loan
Type	Debt-Obligation	Amount Owed	Apy	Min Pmt.
Credit Cards	BAC-Cash Rewards	$ 6,363.58	0.00% till 2012.07	$ 63.00
	Capital One Venture	$ 868.79	13.90%	$ 25.00
Car Loan	2010 Toyota Camry	$11,396.75	1.99%	$335.51
Mortgages	Mortgage	$ 240,452.69	3.875%	$1,173.67
	Home Equity	$ 63,900.00	5.74%	$878.40