$294.88: Last payment to boyfriend.
It started as a personal loan made 14 months ago - he paid for some household improvements when I didn't have the cash and I insist on keeping all spending to do with the house under my name as the house is mine. Then some things got tacked on...he paid for a vacation, I put the TV on my card, etc. So the back and forth has been tracked for over a year. To the tune of over $12,000 being exchanged between us. And today...OMG. It's done!
The biggest upside is that I was covering his portion of the home equity loan as part of my payback. We agreed to break it down so that he paid for half of the principal that was used towards renovating the pool and backyard, the rest of the loan was used towards my car, so I pay the majority. Now that frees up $90 per month starting in September.
Wait! Since I'm already used to paying for his share, I'm going to continue and snowball it into each month's payment. That just hit me! See? You guys are rubbing off on me already. Just 4 months ago I was making the standard $405 payment. Then I upped it to $505 in May. Next month it's going to be $605!
*runs off to calculator*
From 15 year term down to 8! Saving over $13,000 in interest!!!
*doing a little booty shake in my office chair*
Total stream of conciousness, there. Ahem.
Show Me Your Money Dance!