Fiscal Fitness Posts

A payment without the payoff!

>> Wednesday, September 16, 2009

I sent another payment into our POS student loan today for a small $250. Our total amount remaining is $1,077.56.

Unfortunately, the $250 payment doesn't move our % paid off at all- we're still at 98%. That means I don't get to adjust my debt payoff bar at all!

HUGE BUMMER!

I guess that's okay because on September 30th, I will be sending them the final payoff amount and say good-bye to them forever. Until then, I will just have to be content with my 98%!

In preparation for the next step in our Total Money Makeover (building our emergency fund), I created a new tracker on my sidebar! Woot! We will begin that phase on September 30th-- not only will we be paying $1,077.56 (plus some small interest) to pay off our debt completely, but we will also be adding some money to our Emergency Fund! I'll provide more details when it gets closer on how I came up with our goal amount, our timeline, etc.

Kelsalynn

2 comments:

teacherwoman September 16, 2009 4:43 PM  

Wahoo! Almost time to celebrate! :)

Amy September 16, 2009 7:59 PM  

98 percent! Nine FREAKIN eight percent!

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Disclaimer- I'm no expert. Far from it in fact. I don't necessarily recommend any of the things I'm doing that I blog about... those things are for you and a professional to decide for yourself. I try to make smart choices both financially and physically and this blog is simply my experiences as those attempts are made.

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