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!