[-$39,900] I’m in the 30’s!

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!)  🙂

Read More

[-$46,776] Re-refinancing My Student Loan and My Shrinking Opportunity Fund

My debt is still big, but it’s not crushing me anymore!

Student Loan Re-refinance

Good news! I was able to re-refinance my loan with my current student loan company to get a lower rate. Everything went through as of yesterday and I am now the proud owner of a shiny new student loan. I don’t know if this is a common thing for student loan companies to allow or not, but I’m just glad I didn’t have to move over to a new servicer. Woot!   Read More

[-$48,446] Gaining and Losing Interest (Rates)

 

New Tool

I’d been using a certain website to track my accounts to get an aggregate view of most of my balances, but it recently shut down. 😦   However, I found another site and it’s great, much better even.  🙂  I can now track all of my accounts (spending and saving) in one place, and have everything automatically updated.  Definitely an upgrade.

Using this new tool and looking at my accounts made me start thinking about ways to make improvements. 💡  So I took action. Read More

[-$58,600] I’m in the 50’s! It’s Neato!

At last!!

At long last, I have reached the 50’s!  Can you believe I’ve been in the 60’s since July of last year!?!

It really doesn’t take long to notice how much reducing my monthly payments impacts my timeline.

Current stats on my student loan:

Original Balance: $112,258
Remaining Balance: $58,600
Monthly Payments:
 ~$1,720.00  (down from $2,720)  😦
Term Remaining on Debtor’s Prison Sentence: 3 years and 1 month  😦
Current (variable) Interest rate: 4.55%  (up from original rate of 3.42%)

Read More

[-$71,595] Independence Day

Happy 4th of July!

I’ve decided to go back to making semi-monthly payments. Waiting an entire month to see my balance drop was feeling excruciatingly slow. I think this way will keep me more motivated.

Expenses are going up

Fireworks aren’t the only thing going up these days. Read More