… 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?
- Starting Balance: $16,916.93
- End Balance: $15,472.88
- Paid Towards Loans: $1504.36
- Interest Paid: $60.25
- Principle Paid: $1444.11
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 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.
Check out my About Meghan page for more posts on finances and paying off my student loans.