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
DATE | ACTUAL PAYMENT | NEW 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
DATE | BALANCE | ACTUAL PAYMENT | NEW 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 |