Welcome to the Roaring 20’s!
Today is a big money day for me. I woke up this morning and immediately checked my bank balance. You know, as I do. I was stunned to see 4 deposits: my paycheck, my bonus, my federal tax refund, and my state tax refund. Whoa!!! I was expecting my paycheck and bonus, but not my tax refunds.
First, what witchcraft is going on at the IRS? I filed my taxes last weekend. I got BOTH state and federal refunds today, 6 days after I filed! Six days?! I’ve never seen the IRS process anything so fast.
Oh yes, Surprise Cat. They did! And in 6 days. Read More
Woot! I’ve made it to the 30’s. FINALLY! Now that I’m here, I can start to see the light at the end of the tunnel. I’ve already paid off over $30k in credit card debt before, so I’m getting back in familiar territory and know I can take down this last block of debt.
Current stats on my student loan
Original Balance: $112,258
Remaining Balance: $39,900
Monthly Payments: $2,000 – 2,800 🙂
Term Remaining on Debtor’s Prison Sentence: 1 year and 3 months
Interest rate: 3.25% (now fixed rate!) 🙂
I’m celebrating a panoply of milestones today. Three of them at once. It’s milestone of milestones posts.
Milestone 1: Over 142,598 in assets.
My assets totaled at the time of this writing are $146,204 to be more precise. This means I now have more in assets than I ever had in debt (-$142,598). This is a big psychological boost.
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%) Read More
Another milestone post! This one will be short and sweet.
I made an extra $912 payment today. (That’s almost back up to my goal of paying $1000 extra/month).
I did this because it looks like my housing situation will be stabilizing soon and I may not have to move after all, at least not anytime in the very near future. My rent will still be going up until we find someone else to move in. It may take a couple of months or so, because we don’t want any more drama and will take our time with selection.
When I started this blog, my student loan debt topped out at $112,258.
Today, it is at $56,000.
I’ve paid off 50% of my student loan debt!
I have now reached the peak of the mountain and only have to roll the boulder downhill from now on.
“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW Archives)