The New Job
Next week, I walk into the unknown. Things feel a little scary already. I really, really hope things go well, or at least well enough to get me through the next several months. In any event, my days of freedom are nearing their end, one by one.
I got my vacation payout check and quickly threw it at the debt. It was the first thing I did the morning the check hit my account. As in I opened my eyes, checked the time and my bank balance on my phone, opened my computer and made the payment. Omg. I can’t pay this debt off fast enough.
Last month, I refinanced my then $24,200 student loan balance again in order to lower my minimum monthly payment given the job uncertainty I was facing at the time. I refinanced my one loan and got two loans instead.
- 18k @ 3.3% (min $327/mo) Lender 1
- 6.2k @ 4.6% (min $116/mo) Lender 2 (Now paid off!) Woot! 😀
As of today, the smaller loan is paid off! Gone! I paid it off before the first payment was even due!
This leaves only the larger loan to pay. After making a small payment to eliminate accrued interest, my total debt balance now stands at an even $18,000.
In celebration of reaching $18k, I decided to look up my 18th post on this blog, which turned out to be My Unemployment Budget [posted April 27, 2013]. Wow. I’d just been fired from my job, was under enormous stress, and was sorting out my finances until I started working again. Sound familiar? Sigh. Well even so, I’ve come a long way since then.
In fact, I couldn’t help myself and did a payoff estimate calculation to see how much longer I have to deal with this infernal debt.
According to this calculation, if I can pull together a monthly payment of at least $3,050 per month, I could have this debt paid off by sometime this December! I could have it paid off, in theory, anyway. Life, however, rarely ever seems to stay stable for me for very long. Regardless…
Let the countdown begin!
“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW Archives)