Hello, everyone. I hope you all have been having a nice and productive February. Today’s post is my month debt update. I started actively paying off my debt in January 2015. Each month I share with y’all my progress. February’s progress is below.
My total debt went from $69,670.54 to $69,400.57. It was a decrease of $269.97. While that was good, I thought it was going to me more because I applied over $400 to the debt. Let’s go over the numbers.
Loan 2 – Down from $5890 to $5880
Wells Fargo Loan – Down from $876.72 to $753.83
BOA Credit Card – Down from $2962.79 to $2922.81
Navient – Down from $25,052.72 to $24,964.48
Nelnet – Down from $34,888.29 to $34,879.45
Looking at the numbers, I can see that the interest took the extra money that I applied. Moving forward, I need to put more money on each of my debts. I’m still looking for more freelance opportunities (Hire me if you need a freelance writer). Also, I discussed getting a part time job a few posts back. I plan on looking for one this weekend. I like the fact that I’m making progress, but I know I can do MORE.
Previous Debt Updates:
If you’re paying off debt, how is your progress going?