March was another good month for us in terms of debt reduction. We were able to pay off the personal loan and send some more money to our family member loan. In all, we paid off $2,139.82 in March. Not too bad at all!
This is the month I start my new job and where we really start attacking out debt. We will not longer have higher grocery bills, two rent payments, etc. My salary is also going to increase this month!
With all of those factors considered, I am anticipating our debt snowball (amount over the minimum payments) to average about $1,500 a month. That should help us get that family loan done in less than 1 year. We can’t wait!
Here is our updated debt spreadsheet: