Dad’s Loan Debt Reduction: July 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 July 2009: $990.74
- Total Payments in July: $507.63
- Total Payments YTD: $4989.24
- Total Finance Charges For July 2009: $10.51
- Total Finance Charges YTD: $94.72
- Starting Balance for August: $493.62
- $0 Goal: September 2009
Notes for this month:
No news of note this month. Just anxiously, impatiently waiting for August 15th when the balance will be NEGATIVE (which just applies to the tractor supply debt anyway). I guess I should note that dad is no longer mowing the old neighbors lawns, so he doesn’t have any extra money coming in anymore unless he gets lawns up here, which he’s gonna try to do. The old women from the old neighborhood were kinda taking advantage of him and he had enough of it I think. So this is gonna put a damper on finances for a bit. Fortunately we’ll have all interest accruing debt gone this year besides the house.
I will note I also got a $6 rebate on my credit card, which I applied towards this balance.
