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Debt progress

March 12th, 2013 at 08:58 pm

A student loan payment hit with $238 to principal.

That takes us to $1899 down, $4871 to go on the March debt goal. And $6095.35 down, $591.65 to go on the big-picture benchmark for March.

Tomorrow night I should get another nice bump, and of course later in the week our big tax refund will take quite a bit off the amount.

I figured out a way to calculate the average interest rate of the loan (since different chunks of it have different interest rates). By paying down the higher-interest debt first, just that $238 payment took us down .02% on the interest rate. Pretty cool.

3 Responses to “Debt progress”

  1. mamasita Says:

    You are just steam rolling these debts! I'm not ready to post my student loans yet, at this point I'm making income based payments.

  2. creditcardfree Says:

    Nice! Did the 1K show up yet?

  3. ceejay74 Says:

    Thanks guys! CCF, it has not. Tomorrow marks 6 weeks and it was supposed to take 4-6 weeks, so I'm going to start rattling some cages if I don't see it tomorrow. I added a reminder on my budgeting spreadsheet so I wouldn't forget! Smile

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