Mission: Pay off the 2018 Chevrolet Equinox as fast as possible.
Original Loan Balance – $31,473.43
Current Balance – $ $29,156.08 (4/9/2019)
Strategy: Throw all extra dollars at it. Crazy, right? Okay, there is a little more thought involved. A savings account was opened at Navy Federal Credit Union ( Same place the car is financed through ), and I’ll me contributing side hustled dollars into it. Every time It hits $500, which is the amount of my regular payment, I’ll pay it into the car loan.
There’s no sexy tricks i’m using here. Just earning extra money (which you’ll see more posts about on the blog), saving instead of spending it, and applying it to the car loan to speed up how long it will take to pay off – and ultimately pay less in interest. I’ll be updating this page periodically with updates.