<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Extra Principal Payment to Truck Loan

Extra Principal Payment to Truck Loan

October 2nd, 2012 at 02:32 pm

As planned, I made an extra principal payment to our truck loan in the amount of $230.05. This is the difference in our mortgage payment because of the lower escrow withholding.

The new balance is 7667.07!! Moving right along.

Posted in Debt | 11 Comments »

11 Responses to “Extra Principal Payment to Truck Loan”

  1. Momma23 Says:
    October 2nd, 2012 at 02:36 pm 1349188594
    1349188594

    That's excellent! Are you going to do that every month? My DH and I paid off my three year vehicle loan in 10 months. That was in 2006 and still drive that vehicle today.

  2. laura Says:
    October 2nd, 2012 at 02:40 pm 1349188826
    1349188826


    Big Grin
    What is the next goal in mind once that puppy is gone?!

  3. creditcardfree Says:
    October 2nd, 2012 at 02:55 pm 1349189716
    1349189716

    Yes, we plan to do this every month! Might be done in about 15 months.

    Oh, Laura, I don't know yet! I know that a teen car, braces and college are getting closer and closer. And I'd love to just have more savings in general.

  4. Blessed Says:
    October 2nd, 2012 at 03:03 pm 1349190207
    1349190207

    Got to love that! On the braces in your comment above I just wanted to share. If you can save up the cash to pay in full ask if there is a discount for paying in full up front. Just don't bring it up until you have the price of the treatment plan in full. We saved 10% by paying in full upfront. Braces are spendy so 10% helped

  5. creditcardfree Says:
    October 2nd, 2012 at 03:07 pm 1349190462
    1349190462

    @Blessed, excellent reminder. We did pay for older daughters braces in full and received a 5% discount. It all helps! I think younger daughter will need less work, fingers crossed.

  6. TexasDisneyGirl Says:
    October 2nd, 2012 at 03:52 pm 1349193156
    1349193156

    Woohoo!

  7. Looking Forward Says:
    October 2nd, 2012 at 06:46 pm 1349203601
    1349203601

    Awesome! Your payoff progress is so inspiring. Smile

  8. PNW Mom Says:
    October 2nd, 2012 at 08:07 pm 1349208432
    1349208432

    Great job! Love seeing those balance's come down! Smile

  9. rob62521 Says:
    October 2nd, 2012 at 11:06 pm 1349219178
    1349219178

    Way to go!

  10. FrugalTexan75 Says:
    October 3rd, 2012 at 12:22 am 1349223761
    1349223761

    Great going!

  11. Momma and the boys living on budget Says:
    October 11th, 2012 at 10:09 am 1349950153
    1349950153

    As far as braces our ortho offer a $200 discount but make sure you are going to an in plan provider with your dental insurance. The overall price dropped $1000 with that which who knows if that is actually the case (dentists are like snake oil salesmen to me) we do our through the FSA account.

    I would also suggest putting some money away once you get the car paid off for a car replacement fund and we were able to buy our next car with no loan.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]