Update on 2011 Goals

Even with a struggling restaurant I have made some progress on my 2011 goals.

Debt

I owed $21,839 for my credit card debt at the end of November, 2010 (just before we signed a lease on the restaurant site). Today I owe $18,265.

Car loan

I've also made some small extra payments on my Pontiac G5 loan. At the end of November my balance was $13,415. Today I owe $11,158.

My monthly car payment is $375. I am almost back to having just one outstanding credit card balance, and the minimum payment on it is just over $300. Combined, that's about $700 per month I am paying to service those two debts alone. How liberating it will be when I don't have to worry about those payments anymore!

My original goal was to pay off my car by the end of 2010. Then I changed it to paying it off by the end of April this year. Now it looks like I should just make that goal to pay it off as fast as I can. I don't see it happening by the end of next month!