It outlines six steps I’m implementing to immensely cut my debt repayment down. As the year goes on and time progresses, I should be able to pay off this loan by summer 2012!
Previous Balance – $7,148.83
I got an extra boost of accomplishment, when I received an email from the ReadyForZero team. This is the program I’m using to calculate and organize my auto loan progress.
I reached a milestone on my car loan! I’m a quarter of the way there and rocking it.
Progress and Payments
This month I pulled in a lot more extra income than I expected to. Once I get myself to really buckle down and be disciplined, I am pretty successful at it.
- Semi-weekly double payment – $630
- Freelance income- $240
- PerkStreet debit card cash back – $100
Extra income total – $340
Total extra payments – $970
Here’s a screenshot of my progress using the ReadyForZero debt payoff software.
New Loan Balance – $6,197.49
The daily interest rate last month was $0.68 a day and now it’s down to $0.59 a day.
It’s awesome to watch my chart balance keep going down. And if you notice the update, I will be debt free in 10 months instead of 12!
If you’re interested in finding out more about the ReadyForZero software click here to see how it all works.
How do you stay motivated when working towards a goal.
- Get access to exclusive content, not published anywhere else.
- Tips on getting organized and being more efficient.
- Advice on building a business around your life.
- A personal invite to the Freelancers Club!