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Lower Truck Loan Balance

December 18th, 2012 at 05:22 am

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!

7 Responses to “Lower Truck Loan Balance”

  1. Wino Says:

    I hate debt. I'd be putting everything I could scrape off my shoe toward the debt.

  2. SecretarySaving Says:

    You are almost there. Great job!

  3. NJDebbie Says:

    Wow, you are the debt-kicking Ninja! Awesome work.

  4. PNW Mom Says:

    Way to go!

  5. crazyliblady Says:

    You are an inspiration with how quickly you pay off debts. How about any more left over after doing Christmas shopping or any monetary gifts you receive for Christmas? Ebay sales?

  6. FrugalTexan75 Says:

    You are doing great!

  7. rob62521 Says:

    Wow, you are doing well!

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