I am currently in BS 2: paying off a couple credit cards. I have a bigger amount in my emergency fund due to living off of spousal/child support. It is currently a little over 1 months expenses for me, so essentially I can live one month ahead.
Credit cards I have:
260$ master card--plan to pay this one off Feb, I have been snowballing this one since my divorce was final a couple months ago
1400$ on my Visa--plan to snowball this one come march, the % rate is going up this month from 0% to 9%
I also have about 4800$ in student loans, but I may be going back to college in the summer and will get them deferred and may have to take out new loans due to my crappy circumstances. My main goal is paying off the CC's atm. I am debating getting a new vehicle (w/o payments, just an even trade) but I am waiting to see if I get a tax refund before I decided. I definitely don't want any car payment!
I know I am lucky to walk away from a divorce with little debt, but without a job things are a little shakey atm! And very scary!
If some of you remember it was March 2009 my xdh and I began snowballing about 50,000$ in non-mortgage debt! So have so little now is a great thing! He struggled with gambling addiction among other things and money management was difficult but we tried and his steady increase in income definitely helped. I am now on a fixed income with only a couple hundred extra at best a couple months out of the year but I am going to get creative to pay the rest of the debt off!