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No. of Recommendations: 10

Loan Aug. 2016 Jul. 2016
A/C Loan (7.36%) 7,900 0
Student Loan 1 (6.41%) $18,533 $18,693
Car Loan (4.45%) 8,511 8,685
Student Loan 2 (3.86%) 5,206 5,256
$40,150 $32,634
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Well, as is so often the case whenever I start getting a little ahead, along comes a four-figure expense to throw a monkey-wrench into my efforts to get out of debt. It might be a totaled car, an expensive home repair, or a major medical expense.

Anyone who says it's hard to get out of debt is silly. I've been doing it every year for twenty-seven years.</joke>

In this case, the expense was a new air-conditioning unit, as our 13-year-old Builder's Special finally gave up the ghost. After draining my emergency fund dry, I was forced to get a personal loan at a local bank. I'll probably balance transfer it to a credit card--hardly a day goes by when I don't get an BT offer in the mail, and that rate makes me sick to my stomach.

I'm still better off than I was a year ago--September of 2015 my loan balance was more than $52,000. So I'm calling this the Three-Steps-Forward-Two-Steps-Back Shuffle. It's not in the same league as a Happy Dance.

On the plus side, I did also manage to put $537.16 into my Loan Payoff savings fund. Also, I decreased my mortgage by $1070.
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