It’s that time of the month. What time is that you might be asking? It’s time for my August 2015 debt update. I started this journey with over $72,000 worth of debt. My plan is to have it paid off by October 2018. I have a little over 3 years to make this goal happen. I plan on doing that with money that I make from my job, this website and other side hustles (selling t-shirts, mystery shopping). My update for August is below.
August 2015 Debt Update
My total debt went from $71,078.81 to $70,849.78. That was a $229.03 decrease. I’m happy with that.
Loan 2 – DOWN from $5950 to $5940
Credit Union Loan – DOWN from $298.45 to $244.36
Wells Fargo Loan – DOWN from $1250.58 to $1179.14
Bank of America CC – DOWN from $3179.22 to $3141.58
Navient – DOWN from $25,666.48 to $25,569.63
Nelnet – UP from $34,734.08 to $34,775.07
I’m enjoying seeing the debt get smaller. My Bank of America Credit Card hasn’t been this low since 2008. I’m also stoked that the Credit Union loan will be less than $200 in a couple of weeks. I plan on ramping up these side hustles to eliminate it quicker.
Some Debt Updates:
January 2015 Debt Update (The new beginning)
You can view all my debt updates here.