Friday, July 29, 2011

Snowball Update.

Our current target is the Family Loan #2. Since we were able to pay off the car, we now have that $483 to put towards other debt. The standard payment for this loan is $100 per month. Today I sent a payment of $583 to reduce what we owe. Our new amount owed is $2,357.00. We have estimated being able to send an additional $300 to this at the end of the month. Although, Eli is scheduled to start at a new work site which would give him 10 hours of overtime a week. Not planning on the money until it is actually in my hands, but if this does work out it'll give us an additional $1300 to put towards this loan as well. Definitely on the way towards payoff!

No comments:

Post a Comment