Does the total number go down by $5k a month? Nope. Does it go down? Yep. This month it was $1472.51. We are working our plan. Plans take time. But we are on track for our payoff goals, and I will just beat a dead horse on this one: 2016 is the year of the big changes. 20 more months and then the numbers will start to plummet. Until then, they are going to just chug along.
Retirement Loan - Look at that sexy, under 20k number! 19k is the official half-way paid off number, so that will be 2 more paychecks. Two more years until this bad boy is done.
Student Loan - Another "thousand" ticked off the total. Not that 23k is super exciting...but it isn't 24!
CC - Not much to report here....since this balance isn't the "focus" at
the moment, we pay the bill....they add interest.....we pay the
bill....they add interest. Just to recap....the interest rate on this
is 9.24% and G-man's car is 9.99%, and we are focusing on the car at the
Mysti's car - One more payment and we tick off a "thousand" here!
G-man's car - I am looking forward to making the bulk payment here this month. Even though it isn't as much as we had hoped (due to G-man's $1700 repair bill), it still will shave off several months of payments.
Med/Dental - This number is sort of a place holder. We still haven't been billed for Nov-Jan for Bossy's supplies (per my phone call last week, insurance processed it wrong....). We have a credit with them at the moment, but we have to see what the final number will be. This is what is left of the Dental bill.....which I had hoped to pay off in March, but the "extra" money went toward all the illness related expenses.
Next month is the 2-year anniversary of the "reset". Stay tuned!