I’m a little late (…ok really late) posting my December Debt Payoff report. Better late than never right? Like I mentioned in my previous post, I spent a good amount of time in December changing my blog name and setting up the new domain. I was also busy doing all my Christmas shopping and feel like I’ve just now started getting back into my routine.
Now onto the debt payoff details…
Despite all the holiday shopping, I made a good amount of progress on my debt payoff this month. Part of that was due to the fact that I received a generous Christmas bonus and put about 90% of that towards my Wells Fargo credit card. I CANNOT wait to be done with my credit card debt. Out of all the debts I have, these are the ones that make me cringe every time I make a payment. A large part of the reason is because I can’t even remember what I purchased with that money.
Here is a breakdown of the progress I made on my individual debts. I also forgot to mention that I hit a big milestone this month. I am now over 50% paid off on my original debt amount!
2016 Financial Recap
Since this is the last debt payoff report of 2016, I wanted to do a recap on the progress I made this year. In 2016, I reduced my debt amount by:
Looking at the progress I’ve made lately I feel like I could’ve done better. These last few months I’ve consistently paid off more than $1,000 a month and hope to continue that trend into 2017. Wish me luck!