Wanted to do a check-in before the official starting line of 1 January! We made some good progress in December (easily our single best month ever). I hope this doesn't set the bar too high in terms of expectations for future months - I don't think we'll ever be able to replicate this.
Balances as of 21 November & Current Balances:
$6,905 ----> $0 ! GONE
$12,667 - 6.55% ----> $12,109
$7,823 - 6.55% ----> $7,478
$11,881 - 6.55% ----> $11,828
$12,898 - 6.55% ----> $12,846
$7,947 - 6.55% ----> $7,891
$7,926 - 6.55% ----> $5,130 *additional $560 payment should clear before EOY
$10,941 - 6% ----> $10,926
$16,009 - 6% ----> $15,998
Total: $94,997 ----> $83,637 (counting the $560 we are waiting to clear).
That's $11,360! (Toot! That is me tooting my own horn).
We have $2,646 scheduled to post against the loans in January - this will probably scale back in Feb, March & April because we are expecting a tax bill of $4-5k, so we are going to keep our cash reserves higher than normal until we know the exact amount. After the taxes are figured out we are back on it. I should note, that after talking to my husband I may have been overzealous with my $2,600/month pledge. We have agreed on a minimum of $1,500/month, as we have a savings goal too. I know, I KNOW that it makes little sense to be saving a concurrently paying down debt (hair-on-fire-debt, at that), but that is what we could agree upon, so here we are. We will see - as we gain momentum, I could see him coming around.
Happy (almost) New Year everyone! Excited to go on this journey with you all. Will check-in periodically.