<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Truck Loan Balance Lower AGAIN!

Truck Loan Balance Lower AGAIN!

October 18th, 2012 at 02:03 pm

Our regular payment of $329.13 was applied to our loan yesterday. We paid $22.11 in interest and for the first time ever paid over $300 towards principal. Actual principal reduction was $307.02!!

The new balance of the truck loan is now $7,360.05.

I'm getting excited at how fast things seem to be moving on reducing this debt. The recent things I sold on ebay will be applied once I have the cash in my bank account. I'm also considering another lump sum that we don't currently have allocated to anything (although it is tentatively set aside for furniture). I also think the rewards we have earned from credit/debit card rewards may also be applied to the loan. I have lots of ideas! We'll see how they play out in the next few months. Smile

Posted in Debt | 4 Comments »

4 Responses to “Truck Loan Balance Lower AGAIN!”

  1. Monkey Mama Says:
    October 18th, 2012 at 02:51 pm 1350568298
    1350568298

    Awesome!

  2. Petunia in a Flower Garden Says:
    October 18th, 2012 at 07:43 pm 1350585828
    1350585828

    Go CCF!

  3. LuckyRobin Says:
    October 18th, 2012 at 07:55 pm 1350586501
    1350586501

    I just love it when most of a payment is principal.

  4. Momma23 Says:
    October 19th, 2012 at 11:37 pm 1350686232
    1350686232

    You are doing great! Any extra money I make is going into DS college acct. I took some things to a consignment shop a few months ago and am expecting a check shortly. Keep up the good work. The momentum is building to get that truck paid off.

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Will not be published.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]