Last Personal Loan Debt Reduction May 2010

June 4, 2010

I’m keeping track of my payments towards my final debt balance (besides the house) to kinda see the progress as we reached my goal of having this gone by or in December 2010. This report is slightly different because there is no interest on this, as it was a loan from a friend.

Starting Balance of Debt in May 2010: $5000
Total Payments in May 2010: $150
Total Payments YTD: $150
Starting Balance for June 2010: $4850
$0 Goal: December 2010

Notes for this month:
I didn’t do as large a payment for my first payment towards this loan that I would normally do, simply because I had a few other obligations I wanted to take care of. But July should be mostly full swing again. I am hoping this summer I can get some extra freelance projects in the works that I can put extra money towards this loan and get it paid off even sooner.

Anyone need a website? 😀