Dad’s Loan Debt Reduction: Apr 2009
I’m keeping 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.
- Starting Balance of Loan in January: $5388.14
- Starting Balance in April 2009: $2464.74
- Total Payments in April: $477.17
- Total Payments YTD: $3455.27
- Total Finance Charges For April 2009: $11.55
- Total Finance Charges YTD: $66.25
- Starting Balance for May: $1999.12
- $0 Goal: September 2009
Notes for this month: Nothing new to report for this month, really. It was a tight month in order to get that large of a payment because dad was short on cash again, and probably will continue to be until he is debt free. Guess that’s how things go. Fortunately with my birthday and getting $100 gift card to use towards groceries, that helped out a -lot-. Lawn mowing season starts this month as well, so I’m expecting things to get a lot easier while my dad makes extra cash from mowing lawns.
I’m also glad I reached my goal for this month to get his balance below $2k 🙂
