It’s time for my monthly debt update. In this post, I share with you the progress that I am having each month with my debt. Since January, I’ve been actively keeping track of the debt and paying it off. I plan on paying off my debt by a specific date. I will do that by creating multiple streams of income. Some of those streams are eBay and t-shirt sales. Below is the October 2015 debt update:
October 2015 Debt Update
The total debt went down from $70,624.94 to $70,411.42. My debt decreased by $213.52. It seems like it should have been more, but it wasn’t because of the interest on some of the loans.
Loan 2 – DOWN from $5930 to $5920
Credit Union Loan – DOWN from $188.34 to $138.45
Wells Fargo Loan – DOWN from $1127.18 to $1076.94
Bank of America CC – DOWN from $3108.37 to $3077.42
Navent – DOWN from $25,466.27 to $25,360.63
Nelnet – UP from $34804.73 to $34,837.98
I’m making small gains, but it’s time for them to get bigger. Also, I’m working on some ways to create more extra money. I will be discussing a few in the upcoming weeks.
Previous Debt Updates:
January 2015 Debt Update (The Beginning)
You can view all my debt updates here.
How has your debt repayment been going?