[-$61,835] 3 Things I’m Thankful For

I have some things to be thankful for.

ONE

Another student loan payment made. Now down to $61,835. So close to being out of the 60’s now!

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[-$63,453] Not Halloween Anymore, but Still Scary

Seeing my balance creep HIGHER these past couple of weeks has been scarier than Halloween was.  Even more scary is that I am now carrying a credit card balance again! Yes, I know.  😦

For my 2018 trip, I have most of my big ticket expenses (airfare, hotel) booked already, hence the card balance. But there is more to go. First order of business is paying the card off, of course.

I started having some tooth discomfort and was back in a quandry about whether I should go back to my old dentist, even though you guys told me to ditch him and find a new dentist. Well, as it turns out, I discovered that my old dentist recently retired and sold his practice. The new person there doesn’t have any skill or accomplishments presented that make me want to stay. I feel free, like I’ve escaped a bad relationship. LoL. I don’t know why I stayed for so long. Read More

[-$63,299] Falling Off the Track

I’ve made my required monthly $1,720 student loan payment and now owe $63,299. The balance looks practically unchanged to me compared to before the payment. Sigh.

However, when I get my next paycheck in a couple of weeks, very little of it will go toward debt at all instead of my target of $1000 extra. Why?

There are three things that are contributing to drastically slowing down my debt repayment, for the next few months at least.   Read More

Student Loan News: Earnest Acquired by Navient

If you have a student loan and are looking to re-finance with Earnest, or already have refinanced with them, news broke today that they have just been acquired by Navient for $155 Million.

Read about it here (BizJournal), here (Wall Street Journal) , or here (Earnest Blog).

Earnest, has been a popular financial technology startup since it’s creation in 2013. Like SoFi, CommonBond, and other such lenders, Earnest uses technology and data analysis to identify lower risk borrowers in ways that were not readily available in the past. This kind of lending model is a lucrative area that Navient has been eyeing for a while.   Read More

[-$64,900] Deficits & Daydreams

This is now the second month that I’ve paid less than my target bi-monthly payment amount. As I mentioned in this post, I have a mid-month payment that is required by my servicer, but I also have an end-of-month surplus payment that I use to pay extra on my loan. My end-of-month target payment has been $1,000. So far this year, I’ve managed to hit that  target, until recently. I’ve been having a long standing battle with overspending my budgeted allowance. It’s a battle that I’ve clearly been losing.  Read More