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$20K Update

June 29th, 2017 at 02:48 pm

Current Balance $18,485.00
+$50.00 My Payday to Our Savings
+$75.00 My Payday to Mom Loan Savings
Balance $18,610.00

Local Savings $7170.00
GC Savings $3720.00
Capital 360 Savings (US) $3000.00
Capital 360 Savings (Mom Loan Payback Account)$1955.00
Capital 360 Savings (Rental Deposit Account #1)$1265.00
Capital 360 Savings (Rental Deposit Account #2)$1500.00
Total Savings = $18,610.00

52 Week Challenge
2017 Total = $819.00(We have paid weeks 1-27 and 45-52)

5 Responses to “$20K Update ”

  1. rob62521 Says:

    You are getting so close to that 20K. Bravo!

  2. dh Says:

    You're getting very near reaching 20K again!

    How much do you plan to save before you pay off the Mom Loan?

  3. dh Says:

    We've "talked about" this together before, but would you consider paying her off 5K at a time (for example every time you reach 20K)?

  4. Banker Gurl Says:

    dh - I think we will do the $5K or $10K payoff scenario with our next debt we tackle (probably Rental #1 mortgage), but we are pretty much where we need to be to payoff the Mom Loan now. The only reason we aren't paying it off now is because we are going to Vegas at the end of July for a full 7 days, and with us both loving gambling and such a long trip we don't want to pay her off until after we come home and assess where we are at. But we will be paying her off by the end of the year for sure. I definitely think the lump payments strategy will work good for us for the next item on the debt list! Plus we will have an extra $600 a month from the Mom Loan that we can throw at the next one!

  5. dh Says:

    That's great! I didn't realize you were planning on prepaying your rentals ... wow!

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