Wednesday, November 29, 2006

Auto Loan Update

Well, my account is posted and now its time to see how far that Overtime went in the long run.
I'm in debt 11,717.13!!!

Balances at the end of the month if paying $1,176.00 a month
  • OLD-------------------------------> NEW
  • January 10772.32 ----------------->10621.69
  • February 9670.38 -----------------> 9518.71
  • March 8560.86 --------------------> 8408.15
  • April 7443.71 ---------------------> 7289.96
  • May 6318.88 ----------------------> 6164.07
  • June 5186.32 ----------------------> 5030.45
  • July 4045.98 ----------------------> 3889.04
  • August 2897.79 -------------------> 2739.77
  • September 1741.71 ----------------> 1582.61
  • October 577.68 --------------------> 417.49
  • November 0.00 --------------------> 0.00
I just saved $11.71 in interest over the life of the loan. Now I'll be paying $463.23 in interest for the remainer of the loan.

755.64 for NOV goes to Retirement
$1176.00 for DEC goes to retirement...

= $1,931.64 for Retirment total... the goal is $2500... (400 CD) = -$168.36!

I only need to find $168.36 before i can contribute to moving out!!!!! The impossible amount is slowly getting smaller!!!!!!!!

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