Snowball, Avalanche, or Custom. The debt must be paid.
Right now it is: Health 1 (due to APR deadlines), Auto, Health 2 (due OCT 18), C. Loan, and then the Student Loans.
|1st of Month||Auto (1.75%)||C. Loan (7%)||S. Loan (avg. 5.11%)*||Health (0%)|
|Sep 2017||3,999.84||15,216.68||47,531.48||1,429.20 (1)|
|Oct 2017||3,673.84||14,825.00||47,726.00||3,141.00 (total – (1) = (2))|
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Debt Reduction Calculator: Auto Loan
Original Payoff Date: April 2019
|End of Month||Snowball Amount||Tentative Payoff Date now:|
|Feb 2017||$683.00||Feb 2019|
|Mar 2017||$37.05||Feb 2019|
|Apr 2017||$763.08||Dec 2018|
|May 2017||$181.00||Nov 2018|
|Jun 2017||$0 (car tire emergency)||Nov 2018|
|Jul 2017||$775.00||Sept 2018|
|Aug 2017||$246.00||Sept 2018|
|Sep 2017||$0||Sept 2018|
|Oct 2017||$0||Sept 2018 (dental bill wrench)|
2017 Goal: TBD
Additional Goal(s): Save $1,000 Emergency Fund and Save & live off last month’s income ($4,500)
Student Loan Breakdown:
Did you see the daily interest being accrued?!?! Ouch!
|Loan Group||APR%||Amount (as of MAR-17)|
|February:||I am just into the second month and I put a travel expense on my CC. It was so much fun, I traveled to a new location for me, and I met a ton of really cool people! But it delays getting my car paid off.|
|March:||paid off CC with funds from savings. I really didn’t want to deplete my savings. But I also didn’t want a CC collecting interest. If I am going to use the CC, it needs to be paid off within the billing cycle.|
|May:||Moving, etc… went onto the card so I could figure it out later. Costs above &
beyond budget amounted to $1,700. Paid off EOM with a tuition refund check received.