I took a few months detour off my current financial goal of paying off my car: Financial Goal #3 of this year. I was distracted by a month long battle with COVID and then buying my house.
But I am back to it and as of this month, the current amount owed on my car is $9,062.37.
Now if you are following along, you know this total should be lower since my minimum payment has been $2,000 per month. But I promise the difference is not my fault. My cousins, who are handling my uncle’s finances these days, lost a check. After a couple of months of waiting for them to cash it and watching them cash more recent payments, I reached. They don’t know where it is.
So we agreed that I would stop payment on that check and then just resend the payment again. I haven’t resent it, so I added it back to balance owed.
Still On Track
That being said, I am still planning to pay off the car by September. In fact, I am so committed to this plan that I have pre-scheduled all the payments! They should receive my final payment on September 15th!!!! Score!
I will then be down to my last debt…my student loans. The countdown is on.
Side note: Gymnast gets his drivers license tomorrow. My last baby is ready for his wings. I knew this was coming and have been budgeting for the increase in insurance…$150ish extra per month. But I’m hoping to counterbalance this increase next month when Princess leaves for college. Since she is not taking a car, I am told I can get a reduction in my insurance. We shall see!