I made the first car payment on my new car last month. One other time, I tried to pay my new car off early by adding extra to the principal each month. That only confused the finance company (or bank, I forget which) and they showed me as paid ahead. So, I quite doing that and just paid myself and kept track of it on paper.
This new car is financed with Bank of america. Last month, the statement had a place for extra principal, so I filled it out and sent an extra $1000/
I just got this month's statement and the entire $1000 was credited to the principal. I am going to do this every month so that I can get the car paid off early!
I did my grocery shopping this morning and saved $4 using my Ingles card and the braves won yesterday. That is $5 to add to the challenge.
Prev. total $9202.00
today 5.00
new total $9207.00