December 2016 Debt Update

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december 2016 debt updateWhat’s up, everyone? I hope you had a wonderful Christmas. Mines was pretty good. I got a chance to visit and chill with my family. Today’s post is my last debt update of the year. Let’s get to it.

December 2016 Debt Update

My total debt went from $67,197.55 to $66,495.50. It decreased by $702.50. That was the largest decrease that I’ve ever had in one month! I freaking love it. I have plans of carrying this momentum into the next year.

The Numbers

Loan 2 – Down from $5779 to $5769

Chase – Down from $1745 to $1720

Navient – Down from $24,244.25 to $24,150.20

Nelnet – Down from $34,859.32 to $34,856.30

There is one less debt this month. The Bank of America credit card is GONE! Hell yes!!!! I had that card for damn near ten years. It’s a thing of the past now. The debt snowball is really working. If you’re working on eliminating your debt, you should give it a try. I’d recommend you check out Dave Ramsey’s book The Total Money Makeover to help you get started. Now that the BOA card is gone, my focus has now switched to my Chase card.

Previous Debt Updates

January 2015 (The Beginning)

September 2016

October 2016

November 2016

You can view all of my debt updates here.

I’m looking forward to adding more money to my debt next year. I have a crazy amount that I want to eliminate. I will talk about that number later. I know that I will be able to make it happen.

How is your debt repayment going?


  1. Great job and congratulations! Keep up the good work. You’ll have that Chase card gone in no time.

    1. Thanks Liz. I’m working on eliminating it in less than 6 months.

  2. Ms. Naomi says:

    Good job! Slow & steady wins the race, so keep up the good work!

  3. Congrats on the progress! Wow!

    We’re down to student loans, two grad school and two undergrad. Ugh. I want to pay them off ASAP. Debt snowball all the way.

    1. Thanks. Hopefully you will be able to put a good dent into the loans this year!

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