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HEL Update

June 16th, 2009 at 06:17 am

I made the obligatory payment to the home equity loan yesterday in the amount of $118.01.

We paid $76.18 towards principal!

The new loan balance is: $6,847.10

Is it terrible to say that I can't wait to come back from vacation, so I can continue tackling this loan? It's been two months of seeing the balance trickle down. It is painful to watch.

I will really be celebrating when I can get the balance under $6K. Keep moving forward, right?

2 Responses to “HEL Update”

  1. Aleta Says:

    When we were getting out of debt, I found it easier to work off smaller amounts first. If I owed $4,000, i worked on $100. at a time. Or you could go for $500. at a time and just cross it off as you pay it.

    Enjoy your vacation!

  2. momcents Says:


    I know the feeling ... I'm waiting for a new roof to go on and I have $6,200 cash sitting in the checking account. It has rained so it looks like it is going to be another few weeks.

    But after your wonderful vacation, your little HELOC will still be waiting for you!

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