Hopefully, February has been a good month for you. Here is my debt update.
My total debt went from $72,703.05 to $72,194.17 which was a decrease of $508.88. That was good for this being the 1st month. I plan on going harder in next month. I am happy to see the debt plan working. Here are the breakdowns:
Loan 2 – Down from $6035 to $6000
CU Loan – Down from $477.59 to $465.58
Wells Fargo Loan – Down from $1543.56 to $1497.41
Discover Card – Down from $251.34 to $163.28
Bank of America Card – Down from $3387.71 to $3353.72
Navient (Formerly Sallie Mae) – Down from $26,504.34 to $26,151.12
Nelnet (Formerly Direct loans)- Up from $34,503.51 to $34,563.06 (This is the only one that increased. That is because even though it’s deferred, the loan company is still charging interest. I don’t have to make a payment, but I am still applying at least $10 per month on this loan because of the said interest.)
Like I stated earlier that is a good start, but I’m trying to do even better. I am looking for ways to make more income. Are you currently paying off debt? How is it coming along for you?