Dad’s Loan Debt Reduction: March 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 March 2009: $2632.03
- Total Payments in March: $180
- Total Payments YTD: $2978.10
- Total Finance Charges For March 2009: $12.71
- Total Finance Charges YTD: $54.70
- Starting Balance for April: $2464.74
- $0 Goal: September 2009
Notes for this month: This month was a little rough because my dad had no money to supplement himself beyond his bills due to his mistake last month. I decided -not- to put my old car payment towards his loan this month so that I could provide him with some gas money and running around money. However his contribution still goes through every month, and I did add a little extra to that.
I think in April I might be able to get the balance below $2k, or at least very close to it.
