Today, I checked our MS Money file and looked at the debt reduction feature to make sure that our debt-free date was still July 24, 2012.
I decided to play around with the “One-time payment” feature that tells you what the impact would be on your debt if you made an additional one-time payment. What I found out is that if we pay an extra $91 this month, our debt-free date should move to June 24, 2012. That’s one month sooner!!!
So now I need to take a look at our cash flow and projected purchases this month and see where we can trim. It would be nice to say, “we’ll be out of debt in 2 years, 8 months – it’s practically 2 1/2 years…” 🙂