It’s -8 degrees in Cleveland today, but that’s not the snowball I am talking about.
Guess what I wrote today? Go on, guess!
Did you guess “this blog post”? You are correct! But I also wrote MY FINAL CHECK for my car loan. I am paying it off!
I missed my Christmas deadline by a month and a few days, but that’s okay, because I moved and Christmas required a little rearranging of funds. Plans don’t always go as planned. It is an incredible feeling to have written that last check.
And now, I can take my $277 car payment and add it to my snowball payment on the next biggest debt, which is a student loan in the amount of $7,110.67.
At my current rate (snowball around $1500 per month), it should be paid off in about four and a half months, or by the end of May. I think it’ll happen faster than that. I could get a raise at work, increased freelance income, or a really nice tax refund in the meantime. I do have some household things to save up for, too, so it might also take a little bit longer than four months. The really important thing is that I am back on track and paying off debt.
I know the Dave Ramsey way would be to just roll over to the next loan and pay it off as fast as possible, but I am a little tempted to have fun with my extra $277 in February. We shall see!