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Posts tagged with: debt progress

Ashley’s February 2016 Debt Update


Hi all!

I hope your weeks are starting off on the right foot and that you’re making the most of your extra day (February 29th) this year! : )

Here’s my debt update from the month of February:

PlaceCurrent BalanceAPRLast Payment MadeLast Payment Date Original debt, March 2014
Capital One CC-17.9%-Paid off in March 2014$413
Mattress Firm-0%-Paid off in May 2014$1381
Wells Fargo CC-13.65%-Paid off in May 2014$7697
BoA CC-7.24%-Paid off in June 2014$2220
License Fees-2.5%-Paid off in April 2015$5808
PenFed Car Loan-2.49%-Paid off in January 2016$24040
ACS Student Loans$85966.55%$20February$8215
Balance Transfer student loan (Former Navient 1-01)$14120% (through April 2016)$700February$5937
Medical Bills$58860%$25February$9000
Totals$97,839 (Jan balance = 98,890)$1261Starting Debt = $145,472

As I’ve mentioned a few times, the first half of this year will be spent heavily in savings-mode so this month’s debt update is lower than normal. I have, however, made a little 2016 Debt Table to help me keep on track with my big goal to put $30,000 toward debt in 2016. Check it out:

Month 2015 2016 GOALS 2016
January $1678 Goal: $3500 $4013
February $1822 Goal: $1000 $1261
March $653 Goal: $1000  
April $1796 Goal: $2000  
May $1708 Goal: $2000  
June $725 Goal: $4000  
July $2125 Goal: $4000  
August $2250 Goal: $2500  
September $2575 Goal: $2500  
October $5513 Goal: $2500  
November $2751 Goal: $2500  
December $2522 Goal: $2500  
Total $26118 Goal: $30,000  

So even though this month’s debt payment is lower than average, I’m still right on track (actually ahead of schedule) with my goal debt payments.

I hope all is well with you, friends! Have a great week!