General Goals 1) to be debt free in 3.5 years 2) save lots of money

Tuesday, October 4, 2011

Changing Directions

September was my last month of interest only on my Line of Credit . I have now entered the principle + interest zone. I am not going to lie the idea freaks me out. As per my original plan once out of the interest only phase,  my LoC payment will be locked at the minimum payment. I am now focusing on my OSAP. Currently my OSAP is at $9,462.71. I want this sucker gone by MAY 2012 which gives me 8 months to get rid of it. I want OSAP gone so badly, you have no idea. 

Line of Credit Up Date for September :

August's balance on LoC: $-25,436.72

September 8: $290.14
September 8: $0.83 (snowflake)
September 22: $472

Total paid: $762.97

Amount paid after interested added: $  762.97 -92.73 = $670.24
Daily interest for the month of September $2.99
Total  monthly interest: $ 92.73

Current outstanding balance on LoC: $-24,766.48

Current $15,000 extra fund stands at $
7,619.86 + 670.24 =$8,290.10

Snow flaking Jar stands at: $493.13 +0.83+17.40+4.17+1.63=$517.16

PS: Did I hit my $14,016.78 of debt repayment in 1 year? coming tomorrow!
PSS: At Jane's request I will blog about my scissors exercise.  


  1. Thanks! I'll be tuned in for tomorrow's post!
    PS - hope it doesn't involve doing the splits!!

  2. I bet you did hit that goal. You've been doing really awesome believe it or not. I see it and admire it all the time.