February 2021 Month End Debt Report
Every month my debt is going down and my assets are going up. Although it seems like all markets have been heating up, I am still determined in my investment strategy and debt management strategy. The snowball-style method I have been incorporating has allowed me to chunk off one piece of debt and I am chunking down another one rapidly. If you aren't aware by now of what the snowball method is, and which method I am using exactly, please read my piece here.
Student Loan Debt
Prior Debt: $15,866.78
Current Debt: $15,706.77
Credit Card Debt
Prior Debt: $1,866.89
Current Debt: $1,470.84
Total Change:
Debt decreased by $556.05
In Summary,
as my debts go down, my assets are going up. As I chunk down the lowest principal amount first, I am also simultaneously chipping away at the interest on the other largest rate balances as well. In doing this, I am accelerating the rate at which my debt is decreasing month over month. Keep checking back to see how much damage I do next!
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