Dad’s Loan Debt Reduction: May 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 May 2009: $1999.12
- Total Payments in May: $499.17
- Total Payments YTD: $3954.44
- Total Finance Charges For May 2009: $9.82
- Total Finance Charges YTD: $76.07
- Starting Balance for June: $1509.77
- $0 Goal: September 2009
Notes for this month: Getting down to the wire, folks. This is all very exciting for me. I never thought I’d see this debt of my father’s gone. But in August (maybe July if I get some extra money) it should be outta here. Some notes this month, I was referred to someone to commission some side work and made an extra $150 this month because of that, which will be a big help.
