June 2015 Debt Update

june 2015Today’s post is my June 2015 Debt Update. Another month has gone by. The debt is slowly falling. I started this journey with over $72,000 worth of debt. I intend to pay it off by October 2018. I plan on doing that by making extra income in numerous ways such as with this website and my part-time job. Here is the June update:

My total debt went from $71,514.63 to $71,289.73. It decreased by $224.91. The momentum is picking up. As long as I continue to work hard the debt will continue to get smaller.

Loan 2 – DOWN from $5970 to $5960

 

Credit Union Loan – DOWN from $430.82 to $361.09

 

Wells Fargo Loan – DOWN from $1350.77 to $1299.23

 

Bank Of America Credit Card – DOWN from $3250.24 to $3214.01

 

Navient Loans – DOWN from $25857.26 to $25,760.95

 

Nelnet Loans – UP from $34.655 to $34,694.45

The snowball is picking up steam. Make sure you join me in July for the next update. Below are a few of my previous debt repayment posts:

March 2015 Debt Update

April 2015 Debt Update

May 2015 Debt Update  

       


Debt, Money , , , , ,
number_format_i18n( get_comments_number() ) ); ?>
  1. Nicely done this month! Hopefully you can knock out that credit union loan in the upcoming months.
    Debt Hater recently posted…Santander extra20 Checking ReviewMy Profile

  2. Congrats Jason! Unfortunately my goal right now is damage control. I start grad school this Fall and my wife has been in grad school for over a year now. The goal is for us to not go in debt for my grad school and to continue to pay our undergrad loans. We realize our undergrad will just be replaced with her grad loans, but I think there’s something to be said about staying positive and knocking out whatever debts you can. Of course if I increased my income that would help us even more!
    DC @ Young Adult Money recently posted…7 Tips for Improving your Outdoor Space on a BudgetMy Profile

  3. Chipping it away…love it:) Great job!
    Jacqueline Gum recently posted…Father’s Day… Where’s The Justice?My Profile

  4. I’m happy to see that you’re coming extremely close to paying off one of your loans. Keep up the good work!
    Chonce recently posted…Side Hustles Explored: Selling Items on Amazon and eBayMy Profile