[-$45,745] The Tiniest of Tiny Pinpoints

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)



  1. kimncolumbia · June 30, 2018

    I like how my Capital One interest rate keeps creeping up. What online bank are you using?


    • Double Debt Single Woman · June 30, 2018

      Hi Kim, 👋
      I’m using Marcus by Goldman Sachs.


      • kimncolumbia · July 7, 2018

        I got intrigued by your journey and had to read from the beginning of your blog posts. You are doing so well!!! This is a long haul and you are an inspiration.


  2. zeejaythorne · June 30, 2018

    Yah for the glimmer!


    • Double Debt Single Woman · July 4, 2018

      Sometimes I feel like it might be an optical illusion. Like, is this really happening? Am I actually going to get to be debt free before I turn gray?
      But, yeah, bring on the glimmer!!

      Liked by 1 person

      • zeejaythorne · July 4, 2018

        YOU ARE!


  3. Five Cents Matter · June 30, 2018

    I feel ya sister. $41k paid off in 21 months, and we still have a way to go. Keep moving forward, you are doing great!


  4. Michelle · July 1, 2018

    Oh wow, you have made so much progress in just one year!!! Way to go, girl!

    I had the same thing with my online savings account. I went from 1% to 1.65%. Then on Friday, one week or so after opening the new account, I learned the interest rate had gone up to 1.75!


  5. Tainted Tiara · July 2, 2018

    I love seeing your progress! After reading your post, I looked at my last year / this year / next year…$130,776 / $86,256 / $56,010. 2 years from now I should be at about $19k and that will be my last Independence Day with Parent PLUS loans. Can’t wait!


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