I paid off Loan 002! The way I organized my debt snowball when I finally got to my student loan made a huge difference in my attitude. This is the crown jewel of my debt – the one that filled me with both dread and excitement when I started chunking money at it. I graduated college with about $22,000 in student loans. When I got to it last year after paying off the car, the balance after paying the minimums for 5 years was still about $18k. I sighed when I looked at the balance. Then I realized that I can use the same Debt Snowball strategy to break it up by the individual loans and handle one at a time.
Hello folks! Well, we’re about 2 ½ months from the wedding and still chipping away at my student loan. I’m sorry I haven’t written in a while, but this wedding planning stuff is no joke!
Not that I let that deter me in the least in my debt-payoff plan. I will say that I should be further along, but we had a visit from this jerk named Murphy back in November. My car needed about $2000 worth of repairs…and it’s still not fixed. My car and I are not getting along right now, but for the meantime he’s still drive-able. Thankfully, I had my $1000 emergency fund that I used, and then redirected my next loan payment to pay the mechanic. Continue reading →