I Think I Can…

… I think I can.  I’m channeling a chugging engine today, only fitting from a Mom of a train loving 3 year old.  I’m running on low today, so bear with me.  It hasn’t been the best of weeks for me, so doing a dry boring post about paying down student loans only seems appropriate… I’m bound and determined not to let this blog die… so many of my loved bloggy friends have fallen off the end of the blogosphere -but I’m still here, chugging along with another boring financial update.

22 Month Progress

  • Starting Debt: $41,868.53 (Nov  ’12)
  • Debt Today: $15,472.88
  • Total Debt Paid Off: $26,395.65

This wasn’t a spectacular month in the $ department, but it was decent.  I made progress, so that’s what matters, right?

September Review

  • Starting Balance: $16,916.93
  • End Balance:  $15,472.88
  • Paid Towards Loans: $1504.36
  • Interest Paid: $60.25
  • Principle Paid: $1444.11

A couple birthdays, Avery’s party, and paying off last month’s activities and a future trip to Salem later this month caused the dip in extra funds. Next month won’t look as bleak.

Red = goal, Blue = loans remaining to be paid

I gotta kick it up a notch, because if I want to pay the next loan off in December, my next goal, I need to put at least $1550 into Loan 1-01 for the next 3 months.

Loan Pay Off Plan

I’ll tell you this now, if you have my name for Christmas, ‘SHOW ME THE MONEY!’ Yes, that was a sad and corny attempt at being humorous, I’m clearly off tonight.

I can’t believe it’s already October.  I’m bummed that this summer flew by, but I should be excited because I’m one month closer to closing in on these loans.  7 months to go, and they will be gone!  I’ve been at this for almost 2 years and it’s almost done… just gotta hang in here a little longer.  Then start the next phase… saving $ for some land.  Or a house.  I would LOVE to buy land and build a house, but that seems forever away.  It would take me 1 1/2 years to save for land cuz I need 20-30% down.  If I buy a house, I would need 5% (which I could save in a few months).  Much more attainable.  Avery and I could be sitting in our very own house this time next year… but we’ll see… I don’t need to decide now.  Focus on this goal first.

The pretty fall foliage does almost make up for the fact that summer is ending…
Mother nature’s way of saying, ‘I’m sorry, winter’s coming so here’s a pretty treat’…?

❤ Meghan

Check out my About Meghan page for more posts on finances and paying off my student loans.


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