It’s the beginning of the month which means it’s time to calculate how much debt I managed to pay off last month!

Methodology: We keep it simple here, I’m not trying to get bogged down doing any complicated calcuations. I don’t care about breakdowns regrading principle vs interest or digging into what payments may or may not have cleared at the time I reviewed my balances. The process is simple, on the first of the month I log on to the website for each debt I owe and write down the balance as it appears on the homepage. Consistency is what we’re going for here.

So with that being said lets get started…

This month’s starting balance: $63,455

Current balance: $62,040

Breakdown:

Debt Previous Month End of March           
Credit Cards $11,266
 $10,867
Personal Loans $25,533
 $24,968
DMP $26,656
 $26,204
Total $63,455
 $62,040

I paid off $1,415 this month and have paid $5,320 in total to date. Continuing on the current plan I’ll be credit-card debt free in January 2026, personal loan free in  March 2026, and my debt management plan will be paid off in June 2026.

I’m still on track to hit my high level goal of clearing $15,000 in debt this year and paying off my total balance within 5 years.