Only a $7 increase in net worth this month, but overall I'm still happy. The car is officially paid off, the 401k is rolled-over (though lost some money due to a rollover fee and I wasn't fully vested) and the savings account is climbing back up to mini-emergency level.
Now that I don't have to worry about a $250 car payment each month it'll be interesting to see how much that effects my debt pay down.
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Upside vs. downside
6 hours ago
2 comments:
That $250.00 will really start to make a difference now I am sure. I am looking forward to clearing my two loans - they will give me an extra £643.83 to throw at my debt. Getting rid of high minimum payments really helps too should you get an unexpected bill arrive and you don't want to break into your emergency funds.
Hey remember, you increased your networth! It is still going up not down - so well done you! :)
This is exactly how a snowballing debt payoff leads into something amazing... when a car payment (or other larger bill) is no longer coming out of your income every month you can really start to appreciate the iron-clad insurance of the headway you are making in crushing debt and/or building net worth!
That's awesome, keep it up...
Jerry
www.leads4insurance.com
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