I can’t believe I’ve been blogging for 8 months! Yesterday’s Wishful Wednesday post (which technically should have been my 8 month progress update) was my 100th published post! W00t!
Original Debt (beginning mid December 2012): $102,645
Current Debt (8 months later): $98,532
My debt has decreased by $600 since last month, an overall reduction of $4,113 in 8 months. I’m now at 4% of my debt payoff goal.
Federal Student Loans
$56,848 $56,989 (up $141 since last month, an overall $1089 increase over 8 months)
Private Student Loans
$38,710 $38,710 (big whoop, the same since last month, an overall decrease of $1,911 in 8 months)
$ 6,483$6,400 (down $83 since last month, an overall decrease of $760 in the past 8 months) $100 away from original amount borrowed
$10,803$10,821 (up $18 since last month, an overall decrease of $379 in 8 months)
$17,545$17,627 (up $82 since last month, an overall decrease of $613 in 8 months)
$3,879$3,862 (down $17 since last month, an overall decrease of $159 in 8 months)
I really hate seeing my federal loans grow each month but with so much other debt, I have to take advantage of my $0 IBR payments.
StudentLoan#1 is about $100 away from reaching the original loan amount. I’m not really going to celebrate that. Between me, my co-signer and my father, we’ve already paid over $4,100 on this loan and it’s still not even back to the original amount borrowed! Ugh. That’s absolutely frustrating. Stupid student loans!
US Bank Credit Card
$2,797 $2,094 (down $703 since last month, down $2,563 in 8 months)
BOA Credit Card
$777 $739 (down $38 since last month, $731 in 8 months)
Total payments for this past month were $1,119, including making up for a stupid $25 late fee. $519 has gone towards interest alone ($660 if you include the fed loan increase). Yuck.
My husband is gone on a two week underway and I need to use this time with the car to myself to find extra income. Whether it’s a job, side hustles, sell stuff. Whatever it be, I need to pay this debt off faster! I can’t stand all the money thrown away to interest. Ho hum…