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Interest Denial

April 6th, 2008 at 05:14 pm

I was setting up a Debt reduction tickler and I couldn't get my balance when subtracted from the total on the tickler to equal the same balance as my banks.

I kept re-adding and re-adding until I realized you're forgetting the interest, sweetie............all your payment does not go on your loan......You forgot that each time you make a payment some of it is eaten up by interest.

This little situation just went to show me how sneaky interest is. I sure am glad my new journey will only have me dealing with positive interest in the near future.

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