Wednesday, May 30, 2012
Today is a good day. I paid off the Prosper loan today. We had it for 15 months, paying it off 21 months early. It took a lot of extra work, but this is a huge mile marker on the road to get out of debt.
Without this loan, we now free up an extra $150 a month to put towards the American Express credit card, which is currently holding a balance of around $4400. That, plus putting anything extra that we can towards it, should mean that we can really start to snowball out of this situation.
I'm incredibly relieved, though I confess it was a bit anticlimactic!
I've been working hard on projects like getting Voiceover work and finding other ways to make extra money. I have a roommate now, and wouldn't have been able to pay off this loan without his financial contribution. Needless to say, the hard work is starting to pay off!
How's your debt journey going?
Starting Debt: 07/02/11 - $21543
Prosper - $0
AmEx - $4494
BoA - $11913
ING - $1133
Total - $17538 (18.5%)