We’re nearing the end of the month and it’s time to check in with our debt payments again. If you’re joining us for the first time, you can read about our decision to publicly keep track of our debt here.
We’ve also decided to start checking in with our savings goals as well. So if there’s something you’re saving for—a vacation, a nice pair of shoes, a wedding, a down payment—you should start tracking it here as well.
Logan’s paying off a Barclay Card, which currently has an APR of 22.99 percent, and a minimum monthly payment of $47.
Jan. 2013 Balance: $1,424.11
Feb. 2013 Balance: $1,377.18
I’m paying off one of my Sallie Mae Private Student Loans, with a current interest rate of 4.5 percent, and a minimum monthly payment of $55.
Jan. 2013 Balance: 1,098.97
Feb. 2013 Balance: 1,010.01
And as always, if you pay off one of your debts, email me your address and I’ll mail you a card to congratulate you (I know I have a few outstanding ones to send out—they’re coming!). And if you hit your savings goal, I’m happy to send you one as well.