Since I have been lurking and reading other peoples finances for a while, I figure I should put myself out there.
I am single, 32, with a salary a bit over 80K, no bonuses or 401K match.
Current Debts Summary:
Mortgage: 38K, $4.625%
Student Loan: $28.5K, 4%
401K Loan: $2150, 4.25%
Car Loan 1: $6050, 2.24%
Car Loan 2: $3350, 5.48%
Credit Card: $0, N/A%
Current Debt descriptions.
Mortgage: I bought the house in May of 2009, and have been paying ahead on this 15 year mortgage. Double principal rounded up to nearest $100, currently paying $900/month, no escrow. Less than 4 years remaining.
Student Loan: Making minimum payment. OK interest rate, and due to it being a federal stafford loan I get to take a tax deduction on interest. I do earn to much to take the full bennefit, curse the bad luck.
401K Loan: Took out to free up cash at home purchase time. Money came from the portion of my 401K that was in T-bills, so no locking in of losses. Also allowed me to have 20% down for a traditional mortgage without PMI or escrow. Not to worried about interest as I am paying myself. Will be gone in another 18 months or so.
Car Loan 1: Took to upgrade my good car, and the deal was truely to good to pass up. About half of NADA value, long story but all worked out. No it is not a salvage title. As it is at the lowest interest rate of all my loans, I have no interest in paying ahead. Money from the sale from my older car went to emergency fund, and buy a few items I was saving for.
Car Loan 2: This one I took as a way to lower interest and free up cash as I was planning on buying a house within a year and did. It is a private loan from my parents, yes they are charging me interest. Quarterly payments with only three of the original 20 (5-year loan) left. From a mathematical standpoint, I should be paying ahead on this as it is the highest interest with no tax break. Since the interest is going to my parents that were willing to help me when I asked, I have no issue with paying them the interest.
Assets in first reply.