Thursday 28 September 2017

Wanda Payment Update

Today is not just any Thursday, but a Wanda Payment Thursday. Interestingly enough, the second to last one that shall ever be (he says gloatingly). 

The previous Regular Wanda Payment came out on Sept 7 and the extra bite that it took out of the Outstanding Balance was $2.76.

Yet, for whatever reason, today’s Regular Wanda Payment only took $2.56 out of the Outstanding Balance (of the Wanda Loan).

I am not sure why that is. I thought that the main factor was the amount of time from the previous payment, as in, this meant less time for the interest to accrue. 

Yet, the amount of time between the bulk payment and this regular payment was about the same in terms of days as the last one.

Perhaps it is the fact that the Outstanding Balance of the loan is creeping ever lower. Who knows, all I know is this loan is getting ever smaller with every payment I make.

Let this be a lesson to, whenever possible, make regular extra payments on any loans you have. Not only will it shorten the length of them, it will save you lots of cash in the long run as well.

Only one Regular Wanda Payment and one Paycheque stands between me and the glorious paycheque that will finally kill this loan (my last and largest) and in so doing, earn me my freedom.

As always: keep your head up, your attitude positive and keep moving forward!

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