Debt Progress – Last Update of the Year

When I last made an update on where I was to being debt free meeting my goal for this year. I had said that I was going to do another progress report before the end of the year hit. I make a payment to one of my debts twice a month but I am still excited to see that amount go down after every payment.

The debt I am focusing on jumped around the first 5 months of the year. I how however am not going to get into what kind of debt it is though. It is was just under $6,000.00. I wanted to have my debt paid down by one third come the end of December. If I break this out separate I will have paid this down to a quarter of the debt left owing. Currently I am just over half way paid off!

The revolving debt I have not really made much a dent in. I do not feel defeated though. I knew that when I made up the payment plan in June that I had a ways to go. I do not gamble (with my own money but that’s a post for another time), so how could I magically pay everything off in a year? I would love to say by the end of 2017 I will have everything paid off but I am re-thinking how I will precede with that year.

I have a method to my madness and I will write a post on what worked for me personally. I just need to make sure that it works for me since I am still on the first debt. There could be half a dozen tweaks I still need to make before things settle on the right path.

One thought on “Debt Progress – Last Update of the Year

  1. Pingback: Looking Back on 2016 and Looking Forward to 2017 – Chocolate Milk Cows

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