[Debt Snowball] End of February 2018 update

Maker:S,Date:2017-9-3,Ver:6,Lens:Kan03,Act:Lar02,E-Y

This month has been hard. When February started, our house was under contract to be sold, and I was looking forward of using some of the proceeds to pay down my student loans. As February ends, the house is no longer under contract, and we accumulated about $1300 in vet bills due to unforeseen illnesses with our dogs. Financially, it’s been a disappointing month. But I’m taking steps to continue to get out of debt by consolidating my student loans. I’m also staying optimistic that in the coming months we will sell our house and I’ll get some more of this debt paid down!

Here’s a snapshot of where I am at the end of February 2018:

  • Capital One Credit Card current balance – $0.00 PAID OFF! starting balance at beginning of January 2017: $1,392.73
  • Credit Union Line of Personal Credit current balance - $0.00 PAID OFF! starting balance at beginning of February 2017: $6,446.31
  • Car Loan current balance- $2,618.58
    starting balance at beginning of January 2017 $7,431.64
    $685.84 paid off since January 2018. Estimated pay off date: April 2018
  • Student Loan #1 current balance - $5,368.98
    starting balance at beginning of January 2017 $7,805.57
    $347.96 paid off since January 2018. Estimated pay off date: July 2018
  • Student Loan #2 current balance - $9,021.27
    starting balance at beginning of January 2017 $9,749.15
    $91.64 paid off since January 2018. Estimated pay off date: December 2018
  • Student Loan #3 current balance - $13,727.48
    starting balance at beginning of January 2017 $14,452.24
    $159.88 paid off since January 2018. Estimated pay off date: July 2019

TOTAL DEBT PAID OFF SO FAR IN 2018: $1,285.32

TOTAL DEBT PAID OFF IN 2017: $15,720.26

TOTAL DEBT LEFT TO PAY – $30,736.31

ESTIMATED PAYOFF DATE – JULY 2019

Check out previous recaps here: January 2018December 2017November 2017October 2017September 2017August 2017,  July 2017June 2017May 2017April 2017March 2017February 2017

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>