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The Check is in the Mail: Update 1

Posted by Clever Dude | January 31, 2007 .

As a monthly followup to my original post “The check has been sent! About 8 months till we pay off $15,000″, I will be updating all of my loyal readers with my progress to pay off our Chevy Malibu in 8 months.

The daunting part of all this is that we owe $15,000 on the car, and it will take all of our financial resources to pay it down without adding too much risk to our budget.

I just sent off the first $2000 check to the credit card, which brings the loan down from $15,000 to $13,000!

Only 6.5 more payments to go!


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