Last month I started a new goal to put all my extra money and focus into paying off my car loan.
I was concerned I would get off track this month because of the holiday spending and traveling.
But I’m still on track and made my regular double payment.
Previous Balance – $7,750.50
I’ll become completely debt free by the end of 2012. And every extra penny I make this year, will go towards this goal (knock on wood).
I get a weekly update from ReadyForZero that lets me know if I’m still on schedule and how I’m progressing with my goals. I love this feature!
Progress and Payments
I made a little extra money this month, but most of it went to gifts. A few other income sources are pending so I’ll get paid in January.
Regular double payment – $630
Extra principle – $0
Here’s a screenshot of my progress using the ReadyForZero debt payoff software.
New Loan Balance – $7,148.83
The daily interest rate last month was $0.74 a day and now it’s down to $0.68 a day. It’s not a huge difference, but every little bit I save, I don’t have to pay to the bank.
If you’re interested in finding out more about the ReadyForZero software click here to see how it all works.
Please share your tips for staying motivated when working towards a goal.
Photo Credit: none
