My debt payoff- updated!

Posted by Mrs Money on September 24th, 2010

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The last time I updated this, I owed $12,333.78 on the student loan. As of today, the current balance owed is $11,899.22! I am happy that it has fallen below the $12,000 mark!

I got paid a quarterly bonus and put most of it towards the student loan. Also, I have paid off the Home Depot Credit Card that had 0% for 12 months before the promotional period expired.

Ultimately, I’d like to pay off this student loan before the year is over, but that seems like a pretty hefty goal, so I’m going to go with 2 years, or 24 months to have it paid off.

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4 Responses to “My debt payoff- updated!”


  1. Sandy H says:

    I love to hit little milestones with paying off our debt. Congrats for being under the $12000 mark!

    I try to update our financials goals on the first of every month. I keep a lot better track of where we are and I project out to see where we’ll be. We just started in July, but I’m hoping we will have shaved off 10% of our debt by the end of the year (or Jan 1st, 2011). I think that is a pretty big goal, because the end of the year is full of little extra spends.

    Congrats and good luck!!

    [Reply]

  2. Jenny says:

    It feels so good to see debt going down faster than it has to. All we have left we are paying interest on is our mortgage. It’s a little depressing because it’ll be years and years before that’s gone, but we are hoping to pay it off early. With a mortgage, we’ve found that just a little extra money thrown into the payments can make a pretty big difference in how long you’re paying.

    [Reply]


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  1. My Personal Debt Reduction- updated! | The Ultimate Money Blog 16 03 08
  2. Celebrating Little Milestones | Journey To Our Home 28 09 10

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