|1st of Month||Auto (1.75%)||C. Loan (7%)||S. Loan (avg. 5.11%)*|
|Nov 2017||0, right?!|
You Might Also Like: Monthly Expense Reports
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|
2017 Goal: Pay off my Car by November (SL deferment ends at that time. ending one payment for another) and fund what I am calling a “generational growth” excursion.
Additional Goal(s): Save $1,000 Emergency Fund (done! June 2017) or 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.