Monday, July 30, 2012

Extra Car Payment!

One of the best things about my recent vacation was that I only spent about half the amount of money I had saved for spending money. Because of this, I just made an extra payment of $1000 towards my car loan!!! I'm really excited about this. I have been searching the internet trying to find a loan calculator to help me figure out how much interest and time I have shaved off by doing this but I can't find one! All the calculators I have found only calculate using extra monthly payments and there is no option to enter a one time extra payment. :( If anyone knows of one out there please let me know!

5 comments:

Michelle said...

Wow that is awesome!

unabashedlyashley said...

Sorry I don't know how to calculate that. BF did it for me when I was paying off my debts but I have no idea how. He did some type of Excel thing that I loved to tinker with.

Good on you girl. $1000 is a huge extra payment!!!

hklover86 said...

Thanks guys! :)

The Asian Pear said...

wow, that's awesome. An extra $1K is a big sum of money. Your car payments will be gone in no time!

MariaSelf said...

Great job! Thanks for sharing, I'm sure it will motivate a lot of pple out there to start paying extra on their loans - I bet it's an exciting feeling;-)