Our regular payment on the truck was processed yesterday. We paid $20.57 in interest. The remaining payment of $308.56 was applied to the principal balance.
Our new truck loan balance is $6,519.04!!
Later this month, I expect to receive our rewards check from Chase in the amount of $539. It will, of course, be applied to the principal balance. That means by the end of the month we will be below $6K. A milestone I wasn't expecting when the year started.
It's amazing where you can find money for debt when you think outside the box and explore options. Will your debt balances be up or down by the end of the year?
Source: http://creditcardfree.savingadvice.com/2012/11/20/new-truck-loan-balance_99010/
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