Another Independence Day is nearly upon us. Last year this time, I had a $71,595 student loan debt balance and was excited to finally start having hope that I’d ever pay this off before I’m gray. One year later, and not only do I have hope, I’m starting to see the tiniest of tiny pinpoints of light ahead.
If all goes well, the next Fourth of July will be my last one in debt. That thought makes me incredibly happy.
Savings Account Interest Rate
As I wrote about in an earlier post, I moved my emergency fund to a new bank to get a much higher interest rate than the near 0% I was earning at my old bank. Got notified today that my new savings interest rate has already increased from 1.7% to 1.8%. It’s been barely two weeks since I opened the account. Woot!
Yes, I’m happy about a tenth of a percent, guys. It translates to only an extra $10 annually for me, but hey, money is money. I like how fast my new e-fund bank is to match and/or top competitor rates. This is one interest rate race that I don’t mind.
Punch of the Week
A forceful $1,089 (payment) jab to the Evil Student Loan this week.
Happy 4th of July!
If you are in the U.S., kudos to all of you who have fantastic plans for the weekend and next week. My goal for the weekend is to get this comfortable – and to look this cute.
“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW Archives)