[-$56,835] Feeling Like a Rat … and a Cat

Image Credit: Steve Cutts’ short film ‘Happiness’ (Youtube)

The Rat Race

Hey Peeps,

Another $1720 minimum monthly student loan payment, another seemingly minuscule movement in my balance.

I’m still busy at work and thankfully looking forward to the 3-day weekend for a bit of rest. Although my employer is benefiting from the new corporate tax cuts and pulling in record profits, it has done nothing to raise pay for people in my division beyond the standard cost of living adjustment. If there was any doubt about the impossibility of getting a raise, it’s gone now. Getting a raise, a REAL raise, was never a possibility and never will be one.

Other people have moved on from my employer and are earning more now. I’ll need to think about my long term earning potential. Ahhh. Trapped in the rat race and searching for more cheese. At the same time, I’m hesitant to make any risky moves now with so much debt and uncertainty hanging over my head. Afterall, there IS value in stability.  Read More

[-$58,452] Bonus & Instability

I’m in another busy spell at work. In fact, I’m having to work over the weekend to meet two deadlines on two separate projects.

I made a random $307 extra payment to my student loan debt. Most of it was absorbed by accrued interest, thus the balance looks practically unchanged from my last post. Read More

[-$58,600] I’m in the 50’s! It’s Neato!

At last!!

At long last, I have reached the 50’s!  Can you believe I’ve been in the 60’s since July of last year!?!

It really doesn’t take long to notice how much reducing my monthly payments impacts my timeline.

Current stats on my student loan:

Original Balance: $112,258
Remaining Balance: $58,600
Monthly Payments:
 ~$1,720.00  (down from $2,720)  😦
Term Remaining on Debtor’s Prison Sentence: 3 years and 1 month  😦
Current (variable) Interest rate: 4.55%  (up from original rate of 3.42%)

Read More

2018 Goals for Double Debt Single Woman

HAPPY NEW YEAR PEEPS!

Here are my goals for 2018. See my past January goals posts here:

2013 Goals  | 2014 Goals  |  2015 Goals  |  2016 Goals |  2017 Goals

DOUBLE DEBT SINGLE WOMAN GOALS FOR 2018

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ONE. 
 Pay down my student loan debt from $60,300 to $39,900 or less.

I want to end 2018 in the 30’s!  This should be achievable in theory, given that my minimum payments (including interest) should get me to the lower 40’s by December.  However, my extra payments this year will be substantially smaller than they were last year, so this meeting goal will take effort.  Read More

Goodbye 2017: The Year In Debt Review

See my past end of year reviews here:  2014 Review  |  2015 Review  |  2016 Review

2017 In Review:

In the Winter, after declaring my 2017 goals, I soon developed a new found interest in beefing up my emergency fund. After waiting for months following my promotion at work, I finally learned what my pay raise would be, and it was disappointing to say the least. I bounced back from that let down, and set aside some money from my bonus to fund my sinking funds. This included a ‘health maintenance fund’ for doctors visits and medical tests, as I was getting concerned about some chronic health issues.   Read More