Month 15 Progress Update

Where have I been?  I’ve been sick with a sinus infection caused by a nasal polyp.  Joy.  Future surgery potential there but hoping it will go away with three weeks of antibiotics.  Like I’ve mentioned in the past, I really need to have posts written and scheduled in advance so I don’t go missing for a week!

On with the progress update…

Original Debt (December 14, 2012): $102,645

Current Debt (15 months later): $95,817

My debt has decreased by $893 since last month!  An overall reduction of $6,828 in 15 months.  I’m now at 6.65% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $57,756 $57,851 (up $95 since last month, an overall $1,951 increase over 15 months)

Private Student Loans $37,821 $37,016 (down $805 since last month, an overall decrease of $3,605 in 15 months)

  • StudentLoan#1: $5,812 $5,268 (down $544 since last month, an overall decrease of $1,892 in the past 15 months)
  • StudentLoan#2: $10,723 $10,645 (down $78 since last month, an overall decrease of $555 in 15 months)
  • StudentLoan#3: $17,439 $17,276 (down $163 since last month, an overall decrease of $964 in 15 months)
  • StudentLoan#4: $3,848 $3,828 (down $20 since last month, an overall decrease of $193 in 15 months)

US Bank Credit Card $1,133 $950 (down $183 since last month, down $3,707 in 15 months)

With my work hours picking up, I’ve made significant progress this month.  Woohoo!  I just need to remember to put away part of my income into my savings account for taxes.  Hopefully I can keep expanding on the gigs I do find.  I like months likes these!

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6 thoughts on “Month 15 Progress Update

    • Thanks Tanner! Unfortunately my federal loans accrue interest every month with my current payment being $0 under IBR. It’s such a downer seeing that grow every month no matter how much progress I make on my other debts. Some day!

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