Unfortunate Incident Causes Debt Reduction

Two weeks ago today, I was involved in a minor fender-bender. Thankfully, no one was injured in the incident. Today, I received a check from the insurance for $1,006.88.


I then took the check to the Credit Union and applied $606.57 of it to my car loan. Now I am no longer $500+ behind on the loan. Instead, I am now slightly ahead once again. The other $400 will be divided among some of my other bills. For example $275 will be mailed to Black Gold to pay for part of the insulation. Then I will send $50 to the credit card company and the final $50 to the phone company. The other $25 will remain in my savings at the time.