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More debt progress!

March 13th, 2013 at 07:27 pm

The payment I sent Monday hit tonight, with $1039 going to principal.

That takes us to $2938 down, $3832 to go for our March debt repayment goal. (Will hit that tomorrow Big Grin.)

It also takes us past the March benchmark for our big-picture goals! As you probably recall, to achieve all three goals in 4 years we need to average $2229 per month toward them. So by end of March we should have $6687 of progress. Well, as of now, we have $7134.35 of progress! Smile (Tomorrow will basically take us past our April and May benchmarks too!)

Forget the fact this will be a record month for us ... this WEEK we may pay off more than we ever have in a month!

Oh -- and tonight's payment takes the average interest rate for this loan from 5.52% to 5.43%!

6 Responses to “More debt progress!”

  1. Looking Forward Says:

    WOOHOO! Big Grin

  2. twest Says:

    Awesome!

  3. scottish girl Says:

    Brilliant!

  4. CB in the City Says:

    Wow! Are you living lean to make these extra payments?

  5. ceejay74 Says:

    Not really, CB! The $296 and $1039 payments were both from our regular budget surplus that I put toward debt or savings every month, the $600 and $250 were from two of AS's freelance projects, and the $4000 is from that unexpectedly large tax refund. If the $1100 lost payment shows up this month, that was February's regular budget surplus extra debt payment. So it really hasn't affected us at all. Isn't that crazy?

  6. FrugalTexan75 Says:

    Sweet!

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