We did it!! We paid off my $14093 car loan in 20 months! This even after a layoff and damage to our roof, thanks to our awesome budget!
I should also point out our oldest daughter started kindergarten, so we were able to cut our daycare payment by a lot and put that towards the car as well as some extra savings.
We ended up having to pay the deductible to replace the back half of the roof. The good news is, we were able to cash flow the cost rather than use our emergency fund. Woot woot!
We went over on our food budget big time – frustrating, but we’ve made up for it in the last couple of weeks of August. Hoping we can continue to pull it together for September.
|Debt||Original Amount||Current Amount||Percentage Rate||Amount Paid Last Month||Percentage Paid|
|Car Loan #1||$14,093.00||$0!!||1.99%||$3214||100%|
|Car Loan #2||$10,000.00||$6125||1.99%||$206||38.7%|
Printable Debt & Savings Trackers Just for You!
Use these free debt & savings tracking printables to help you track and achieve all of your financial goals!