Dad’s Loan Debt Reduction: Jan 2009

Dad’s Loan Debt Reduction: Jan 2009

I’ve decided to keep track of my payments towards my father’s debt reduction to kinda see the progress as we reach my goal of having his loan paid off by September 2009. So expect these posts monthly! Each month, seeing the progress should hopefully motivate me to stay on track with this. Afterwords we’ll have 2 more months of payments just for his remaining medical bills. Then he will be COMPLETELY debt free (sides the house, which is to be expected).

  • Starting Balance in Jan 2009: $5388.14
  • Total Payments in January: $420.93
  • Total Payments YTD: $420.93
  • Total Finance Charges For Jan 2009: $21.45
  • Total Finance Charges YTD: $21.45
  • Starting Balance for February: $4988.66
  • $0 Goal: September 2009

Notes for this month: This month would have only been $178 (my dads monthly payment), but I put the extra money from my car insurance premium into the cost of the loan. I also got a $9 reward bonus from USAA for using my card.

EDIT

See every payment month that finally paid off this loan!
August, July, June, May, April, March, February, January