Debt Tracker

2022

In 2022, I have a renewed focus to payoff my credit card debt. Thankfully, I was able to payoff my auto loan in 2021, but ultimately, I had about $5000 worth of credit card debt to pay. To that extent, I created a plan to get out of credit card debt.  Additionally, I decided to started tracking my credit card debt payoff progress on this blog.  It’s going to take a lot of work, but I’m determined to eliminate this debt.

Here is the debt that I am starting with in 2022:

  • Credit Card Balance:  $4868.37
  • Interest rate:  15.99%
  • Monthly payment:  $48.00

Continue to follow me on my journey as I get out of credit card debt.  I didn’t wander into debt and I won’t just wonder out.  I am going to be determined to practice sound financial management in 2022.  In fact, I am confident that I will be able to eliminate my credit card debt in 2022.


2021

In 2021, I have a renewed focus to payoff my auto loan debt by May 2022.  To that extent, I started Payoff Car Loan Series where I report on my progress on a monthly basis.  Quite frankly, although I committed to report on my progress on this blog once a month, I’ve also decided to make a payment on my car every Tuesday.  Although very unoriginal, I call it Transfer Tuesdays!  So far so good.

As of May 2021, the details of my car loan as as follows:

Name:                             Honda Auto Loan
Balance:                          $16,227.76
Interest Rate:                 4.00%
Minimum Payment:     $356

I also plan on paying extra on my student loan.  The details are as follows:

Name:                             Student Loan
Balance:                          $6548.23
Interest rate:                  2.625%
Minimum Payment:     $19
My extra payment:       $129

Finally, with regard to the furniture loan that I was expecting to have, that is no longer the case because I lost the Beach Condo.


2020

In 2020, I’ve renewed my desire to payoff my student loans.  Here are the details:

Name:                             Student Loan
Balance:                         $8493 as of January 27, 2020
Interest rate:                 2.625%
Minimum Payment:    $129

I also plan to pay extra towards my auto loan.  Here are the details:

Name:                             Honda Auto Loan
Balance:                         $22000 as of January 27, 2020
Interest rate:                 4.00%
Minimum Payment:    $356

Finally, to the extent I borrow money for furniture, I also plan on tackling this debt as well.

Name:                             Furniture Loan
Balance:                         ???? $ as of May 2020
Interest rate:                 ???? %
Minimum Payment:    $???


2019

I didn’t track my student loan payoffs in 2019, but I did make progress towards paying off my student loans.


2018

I’ve decided that I’m going to start paying off my student loans in 2018. As a result, I created the debt tracker. Here are the rough details.

Name:                             Student Loan
Balance:                         $19,860.23 as of January 1, 2018
Interest rate:                 2.625%
Minimum Payment:    $97.61

DATEACTUAL PAYMENTNEW BALANCE
JANUARY$1997.61$17762.62
FEBRUARY$2000$15,807.27
MARCH$2047.61$13806.68
APRIL$2000$11806.68
MAY$397$11455.94
JUNE$597$10,878.85
JULY
AUGUST
SEPTEMBER
OCTOBER

2017

DATEBALANCEACTUAL PAYMENTNEW BALANCE
AUGUST$21,721.72$97.61$21,621.01
AUGUST-MID$21,621.66$1,500.00$20,121.66
SEPTEMBER$20,070.97$297.61$19,875.29
SEPTEMBER-MID$19,875.29$0.00$19,875.29
OCTOBER$19,875.29$97.61$19,816.26
OCTOBER-MID$19,816.26$0.00$19,816,26
NOVEMBER$19,816.26$97.61$19,762.82
NOVEMBER-MID
DECEMBER
DECEMBER-MID