The last time I updated this, I owed $9950.00 on my student loan balance.  I am happy to say that I’ve paid $450 off and I only owe $9500!!  That feels like such a good number.  I am so proud of myself. 

I’ve been earning a little extra cash still, but not as much as I’d like. I’m hoping that with my recent decision to look for another job, that I may earn more money that I can save and throw towards debt.  I’ve got this loan at 0% interest right now, so honestly the only reason I am trying to pay it off quickly is for peace of mind.  I can’t wait to get it paid off!

Posted under Pay Off Debt, Student Loans

Personally I love when people post their debt reduction and savings plans. I am updating my debt reduction this morning. I decided to take some money out of savings and pay on our student loan debt. I’ve also consolidated it at a much much lower interest rate. The personal peace of mind is priceless to me, so I decided it was worth it. We do still have a nice “cushion” in our savings account, but now that our student loan balance is down to a more comfortable level and I know we aren’t getting eaten alive in interest, I’m going to start saving more money for our emergency fund, a new car, and also for retirement. I’m proud to say we are under the $10,000 mark, and I hope to get under the $5,000 mark by the end of this year. I’m going to take half the money I make online and put towards this debt, and the other half I will put in savings. I can’t wait to get this paid off!

Posted under Money, My Debt Reduction, Pay Off Debt, Student Loans

The last time I updated this, I owed $12,333.78 on the student loan. As of today, the current balance owed is $11,899.22! I am happy that it has fallen below the $12,000 mark!

I got paid a quarterly bonus and put most of it towards the student loan. Also, I have paid off the Home Depot Credit Card that had 0% for 12 months before the promotional period expired.

Ultimately, I’d like to pay off this student loan before the year is over, but that seems like a pretty hefty goal, so I’m going to go with 2 years, or 24 months to have it paid off.

Posted under My Debt Reduction, Pay Off Debt, Student Loans