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Fat Payment to the Truck

February 1st, 2013 at 10:32 am

I sent in a big fat principal payment of $480 today. That brings our truck balance to $3226.02. We are getting closer to that next milestone, which will come mid February when our regular payment posts.

I mentioned how I've been contemplating just paying off the balance in our cash account and then paying ourselves back. Most of you thought we should just do it. MonkeyMama's gut says I will pay it off once it gets under $2K to $3K. I think her gut is right! You know me too well. Smile Once this next payment hits I'll see how it feels to send in a lump sum and be done once and for all.

There is no major risk to taking this cash out. We have plenty on hand for major emergencies. If it were to drain us in a big big way, I would not even consider it.

Less debt on payday always makes me happy!

7 Responses to “Fat Payment to the Truck”

  1. twest Says:

    Way to go!

  2. PNW Mom Says:

    Awesome!

  3. Bob B. Says:

    Good decision!

  4. North Georgia Gal Says:

    I too think that you will just pay it off long before the last payment is due. Way to go getting that thing paid off so quickly.

  5. Beawealthywarrior Says:

    Nice work!!

  6. NJDebbie Says:

    / Woo Hoo! Great job.

  7. Homebody Says:

    So nice to drive a paid off vehicle. Glad the time is so close for you.

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