It also goes to show the huge difference that interest makes

We talked yesterday about Jan’s discovery that the interest rate calculations aren’t exact, so I’m not going to swear this is a perfectly correlated difference. But the monthly amount I have set up in the debt snowball is $700/month, throughout our payback schedule. The fees only added up to $3300, but the difference over time + interest was six months * $700 = $4200. That $900 difference was the interest paid. Sigh. For most of my life, compounded interest was my enemy. Refreshing to see it finally showing up as my friend.

Also makes me realize that the sooner I can put big payments down on the total owed, for any of these bills, the “bigger” that extra payment will be thanks again to the interest. Wonder how much $$$ I could get if I sold a few used cats……….

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