Woot! I’ve made it to the 40’s. Now that I’m here, I’m already in a sprint to get well into the 30’s, by the end of the year.
Current stats on my student loan:
Original Balance: $112,258
Remaining Balance: $49,402
Monthly Payments: $2,800 (Payments are back up and I’m back on track) 🙂
Term Remaining on Debtor’s Prison Sentence: 1 year and 6 months 🙂
Current (variable) Interest rate: 4.88% (up from original rate of 3.42%)
If I stay on track, I’ll make my last student loan payment on November 30th, 2019. By December 1, 2019, I will be debt-free! Eighteen months is a long time to hope for having no financial disruptions, but I will just keep going for as long as fate will allow.
I’m thinking about re-financing my student loan again, but don’t want to leave my current servicer. Their website is so easy to use that I can make extra payments whenever I want, shift the required payment date up or back a few days as needed, etc. all on my own and it is taken care of, automatically. Other servicers are harder to work with in terms of their technology and processes. Having to call some other servicer on the phone whenever I want to do something extra/different and then hoping they don’t screw it up will be a pain. I don’t know if the hassle is worth it at this point.
We Can Do It!
All women out there who are where I am now. We’re at war. Our enemy is debt. Let’s get to work. Let’s flex our financial muscles. Let’s increase our payments and our savings. We can do it, ladies!
FI Before I Die is a blog written by that I was introduced to when I stumbled across one of the posts, which was written about me! Ms. FiBiDie is a 47 year old single mom, getting her finances on track and aiming for financial independence and she following her own specific plan to get there.
@FiBiDie – Thanks for reading this blog. I’m certainly enjoying yours.
Anonymous Mess is written by a poster who is, surprise, anonymous. One recent post caught my eye. Reminiscent of my own posts/rants here about job interviews, Anonymous, who is also paying off six figures of debt, has a similar outlook on this horrible form of socially acceptable torture.
@Anonymous Mess – Your comment settings prevent me from leaving comments, but I’m looking forward to reading more from you who must remain unnamed. 🙂 Congrats to the Spouse for getting a job, and cheers to you for your description of it. 🙂 That’s great news!
Struggling to be debt free – @Michelle, girl, please adjust your blog comment settings to allow “name + url” comments. You are not easy to catch. Maybe you’ll see this. Congrats on maxing your Roth for the year. You didn’t waste time. 🙂
Getting to work and making payments. 🙂
“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW Archives)