We made our first extra payment towards our truck loan. At the start of the year, we owed $17,994 and it’s now down to $17,618. It drives me crazy that they don’t apply our extra principal payments as principal, they always go through as regular payments and take the interest out and then push our due date out. Even when I go in and pay in person and ask them to do it as principal, they always tell me they can’t, which is a whole lot of BS.
It’s more motivation to get it gone though. I am hoping we have it wrapped up by late May or early June, but what we owe in taxes may slow us down. I’ve sold $33 worth of stuff on Poshmark in the first 10 days of January, so that’s a nice little bump. I also have some extra pay for vacation time in 2018 I didn’t use, so that will be another little extra. That should come in either Monday or the week after. My short term goal is to be $15,500 by the end of the month, so we have to keep hustling. I am going away to a horse show with students this weekend and will then be able to make a payment from by side business next week.
Update on the minimalism challenge – I have gotten some stuff out of my house, but the last few days I have fallen off the bandwagon and not made my numbers each day. I am hoping to have time next week to “catch up” and do a big donation of clothes and items to our local place that takes donations.