Our truck loan balance is lower this morning after our regular payment of $329.13 posted. The interest portion was $17.29. The principal balanced was reduced by $311.84.
The new principal balance is $5,266.67!
Happy with less debt. I'm looking into ways to get this loan paid off faster. This will definitely include the raise my husband will receive in January, and might include money we generally invest monthly. I would simply prioritize the debt payoff for about two months and make up the difference to investments in later months. I'm still running the numbers and possible scenarios, but I will let you know more details soon!
Lower Truck Loan Balance
December 18th, 2012 at 01:22 pm
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