Today's Focus

Current Goal: Eliminate Mortgage on Rental Property

January 1, 2019: $59,592
March 20, 2020: $52,982
2/14/20 paid $750 towards principal
3/20/20 paid $1000 towards principal
4/17/20 paid $1000 towards principal
5/5/20 paid $2000 towards principal

Search My Frugal Miser

Monday, January 18

Debt Update

Good news! Last week I paid off my Discover Card. The $3,941.40 payment came from a few sources:
  • I sold all my airline vouchers and credits over the last 30 days. This yielded about $1,700 cash.
  • As part of my December Clutter Roundup, I sold four items on Half.com, which added $31.
  • The balance came from regular income sources (mystery shopping, my job, rent checks).
My next focus on debt reduction is my Prosper.com loan and the American Express. All three of these debts (Discover, Prosper and AMEX) were taken on to purchase Rental Property #7 after the original financing fell through due to my job loss. I have one other credit card I used to buy the house but it is at a 0% rate until June, so that will be the last debt I tackle.
posted on
Labels: ,

1 comment:

  1. MizéJanuary 28, 2010 at 6:51 PM

    Congrats! These are good news for you, indeed. I would take so much longer to amass that value :)
    This month I also paid off my only credit card but it was a very very tiny debt compared to yours.
    Good weekend.
    Mizé.

    ReplyDelete

Subscribe to: Post Comments (Atom)