Layout:
Home > Extra Principal Payment to Truck Loan

Extra Principal Payment to Truck Loan

October 2nd, 2012 at 03:32 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.

10 Responses to “Extra Principal Payment to Truck Loan”

  1. Momma23 Says:
    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:
    1349188826


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

  3. creditcardfree Says:
    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:
    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:
    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:
    1349193156

    Woohoo!

  7. Looking Forward Says:
    1349203601

    Awesome! Your payoff progress is so inspiring. Smile

  8. PNW Mom Says:
    1349208432

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

  9. rob62521 Says:
    1349219178

    Way to go!

  10. FrugalTexan75 Says:
    1349223761

    Great going!

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Will not be published.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]