This past month was slow in terms of debt payments. I had a job interview recently and have another lined up for Tuesday. Hopefully I’ll have a real job soon!
In the case of The Second Car Dilemma, we won’t be getting a second car.
I found a park and ride 2 miles from our apartment that leaves early enough that hubby could get to work on time, but he was not persuaded and will not be taking public transportation, nor is he interested in carpooling. So, as long as the 90 degree weather is done for the year, I will be trying out the bus system, for the most part. Hubby hasn’t taken leave since this time last year and has quite a few days built up. He also has sporadic underways building up to his deployment next year and he plans to use his leave days in between these underways so I can have the car more often. One of the potential jobs is only 3 miles from our apartment. If I end up getting that one (cross your fingers!), I’ll probably purchase a bike and bike to work! I’ll have our shared car to myself during his deployment and by the time he gets back, it’ll be time to reenlist and PCS (move). However convenient it would be to have a second car right now, we can do without.
Original Debt (beginning mid December 2012): $102,645
Current Debt (9 months later): $98,287
My debt has decreased by $245 since last month, an overall reduction of $4,358 in 9 months. I’m now at 4.25% of my debt payoff goal.
Federal Student Loans
$56,989 $57,115 (up $126 since last month, an overall $1,215 increase over 9 months)
Private Student Loans
$38,710 $38,540 (down $170 since last month, an overall decrease of $2,081 in 9 months)
$ 6,400$6,245 (down $155 since last month, an overall decrease of $915 in the past 9 months)
$10,821$10,831 (up $10 since last month, an overall decrease of $369 in 9 months)
$17,627$17,597 (down $30 since last month, an overall decrease of $643 in 9 months)
$3,862$3,867 (up $5 since last month, an overall decrease of $154 in 9 months)
I’m finally below the original amount I borrowed on StudentLoan#1. This is not something to be thrilled about. After 3 years of payments, totaling nearly $4,300, it’s finally back to what I originally borrowed. I hate capitalized interest!
US Bank Credit Card
$2,094 $1,981 (down $113 since last month, down $2,676 in 9 months)
BOA Credit Card
$739 $651 (down $88 since last month, $819 in 9 months)
Total payments for this past month were $700. $455 has gone towards interest. I hate interest!