30 Month Progress Update

PROGRESS UPDATE

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

Current Debt (30 months later): $86,057

My debt has decreased by an overall reduction of $16,588 in 30 months. I’m now at 16.16% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $61,042 $61,342 (An overall increase of $5,465 in 30 months)

Private Student Loans $25,180 $24,715 (An overall decrease of $16,376 in 30 months)

  • StudentLoan#2: $8,176 $7,949 (an overall decrease of $4,423 in 30 months)
  • StudentLoan#3: $17,005 $16,766 (an overall decrease of $1,493 in 30 months)
  • StudentLoan#1: $0 
  • StudentLoan#4: $0

29 Month Progress Update

PROGRESS UPDATE

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

Current Debt (29 months later): $86,222 

My debt has decreased by an overall reduction of $16,423 in 29 months. I’m now at 15.99% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $60,606 $61,042 (An overall increase of $5,165 in 29 months)

Private Student Loans $26,028 $25,180 (An overall decrease of $15,911 in 29 months)

  • StudentLoan#2: $9,057  $8, 176 (an overall decrease of $4,196 in 29 months)
  • StudentLoan#3: $16,971 $17,005 (an overall decrease of $1,254 in 29 months)
  • StudentLoan#1: $0 
  • StudentLoan#4: $0

Been a while.  Been a crazy year so far.  I’ve had a lot of health issues.  Constant health issues.  I’m working on addressing those issues and getting healthy again, getting back on track with my debt pay off.  This year will definitely be a memorable one.  Lots of changes happening.  I also turn 30 in June and celebrate 20 years of being cancer free!  Can’t wait to celebrate!

27 Month Progress Update

PROGRESS UPDATE

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

Current Debt (27 months later): $86,634

My debt has decreased by an overall reduction of $16,011 in 27 months. I’m now at 15.6% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $59,923 $60,606 (An overall increase of $4,729 in 27 months)

Private Student Loans $27,039 $26,028 (An overall decrease of $15,063 in 27 months)

  • StudentLoan#2: $10,016 $9,057 (an overall decrease of $3,315 in 27 months)
  • StudentLoan#3: $17,023 $16,971 (an overall decrease of $1,288 in 27 months
  • StudentLoan#1: $0 
  • StudentLoan#4: $0

I’ve been slacking so far this year.  My mom came to visit for a month and I had a wonderful time.  After she left, I hit a major depression.  I haven’t worked much, haven’t been volunteering, and don’t have motivation to do much these days, especially after recently suffering from sudden hearing loss.  I’m now on two weeks of high-dose prednisone and am not a fan of the side effects at all.  I don’t know what I’m doing and I’m not myself these days.  Bear with me as I get back on track.

2 YEARS! Progress Update

Debt Perception has been around for two years! Happy blogiversary to me! Let’s take a look at how I’ve done financially in the past two years!

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

Current Debt (24 months later): $88,967 

My debt has decreased by $999 since last month. An overall reduction of $13,678 in 24 months. I’m now at 13.32% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $59,690 $59,923 (up $233 since last month, an overall $4,023 increase over 24 months)

Private Student Loans $30,726 $29,044 (down $1,682 since last month, an overall decrease of $12,027 in 24 months)

  • StudentLoan#1: $2,842 $2,790 (down $52 since last month, an overall decrease of $4,370 in the past 24 months)
  • StudentLoan#2: $10,446 $9,273 (down $1,173 since last month, an overall decrease of $1,917 in 24 months)
  • StudentLoan#3: $16,987 $16,981 (down $6 since last month, an overall decrease of $1,259 in 24 months)
  • StudentLoan#4: $0 (Gone, baby, gone!)

usedtoowe

If you saw my previous post, Navient messed up my last payment allocation. I had planned on over $1,000 going towards my smallest loan, with the hopes of paying it off in January. They had applied my payment to StudentLoan#2 instead. I perused Navient’s Facebook page and found somewhere that I could complain to. They had called me while I was busy at work all day and I don’t answer numbers I don’t recognize, so I didn’t get the message until about 7pm. I guess they could have fixed the payment to be applied as intended but I had to call back by 5pm. I’m sure it was too late to fix it as they aren’t open on the weekend. Oh well!  It was still applied towards my loans and I’m a little bit closer towards the principal balance on StudentLoan#2.

I’m going to start taking screen captures of my allocations and monitor my Navient account after submitting payments to make sure they apply it accordingly!

22 Month Progress Update

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

Current Debt (22 months later): $90,753

My debt has decreased by $1,203 since last month.  An overall reduction of $11,892 in 22 months.  I’m now at 11.58% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $59,225 $59,473 (up $248 since last month, an overall $3,573 increase over 22 months)

Private Student Loans $32,731 $31,280 (down $1,451 since last month, an overall decrease of $9,341 in 22 months)

  • StudentLoan#1: $3,061  $3,059 (down $2 since last month, an overall decrease of $4,101 in the past 22 months)
  • StudentLoan#2: $10,549 $10,553 (up $4 since last month, an overall decrease of $637 in 22 months)
  • StudentLoan#3: $17,149 $17,156 (up $7 since last month, an overall decrease of $1,084 in 22 months)
  • StudentLoan#4: $1,973 $513 (down $1,460 since last month, an overall decrease of $3,508 in 22 months)

StudentLoan#4 will likely be paid off next month AND I’m hoping to drop out of the 90k range!

My student loans have been switched over to Navient, Sallie Mae’s alter-ego.  It’s about time to reapply for Income Based Repayment but was waiting for the Navient switch-over.

The past two months or so have been rough.  I sleep horribly, and not much.  It’s definitely taking a toll.  I took a week off from work to try to figure out the whole non-sleep thing.  I thought maybe I needed to get out and do things, get some sun, so I explored my area for the first time since moving here 3 years ago.  It didn’t really help.  If two weeks of eating healthy and exercise don’t fix this for me, I need to see a specialist.

21 Month Progress Update

Oy!  It’s been another month since I’ve posted!

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

Current Debt (21 months later): $91,956

My debt has decreased by $554 since last month.  An overall reduction of $10,689 in 21 months.  I’m now at 10.41% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $59,007 $59,225 (up $218 since last month, an overall $3,325 increase over 21 months)

Private Student Loans $33,503 $32,731 (down $772 since last month, an overall decrease of $7,890 in 21 months)

  • StudentLoan#1: $3,140  $3,061 (down $79 since last month, an overall decrease of $4,099 in the past 21 months)
  • StudentLoan#2: $10,550 $10,549 (down $1 since last month, an overall decrease of $641 in 21 months)
  • StudentLoan#3: $17,150 $17,149 (down $1 since last month, an overall decrease of $1,091 in 21 months)
  • StudentLoan#4: $2,663 $1,973 (down $690 since last month, an overall decrease of $2,048 in 21 months)

After mistaking StudentLoan#4 for StudentLoan#1 on multiple occasions, I’ve decided to push #4 up to the first to be paid off because there is only $1,973 left on it and it is my loan with the highest interest rate (9.75).  The reason it was originally lowest on my list is because it is the only private student loan I have without a co-signer.  I want to plow through the remaining balance so I can put more towards my other loans, slowly knock them down, one by one.

20 Month Progress Update

It’s been another month since I posted!  I went out to Wisconsin and Upper Michigan for two weeks to visit my family and I had a great time!  I also visited with my best friend in Baltimore before her family moved to South Korea for a couple years.  After missing two weeks of work, I had to play catch up.  I’ve been busy, busy, busy!  And then the 48 hour film project happened.  Lots of premieres are happening at work and it’s a good chance for me to get out and have some fun.  I’m not at my desktop at home much these days but when I am, I waste time on Facebook or watching television shows when I could be writing a blog post.  I promise to try harder!  I miss doing this!

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

Current Debt (20 months later): $92,510

My debt has decreased by $1,032 since last month.  An overall reduction of $10,135 in 20 months.  I’m now at 9.87% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $58,782  $59,007 (up $225 since last month, an overall $3,107 increase over 20 months)

Private Student Loans $34,760  $33,503 (down $1,257 since last month, an overall decrease of $7,118 in 20 months)

  • StudentLoan#1: $3,742  $3,140 (down $602 since last month, an overall decrease of $4,020 in the past 20 months)
  • StudentLoan#2: $10,601 $10,550 (down $51 since last month, an overall decrease of $640 in 20 months)
  • StudentLoan#3: $17,242 $17,150 (down $92 since last month, an overall decrease of $1,090 in 20 months)
  • StudentLoan#4: $3,174 $2,663 (down $511 since last month, an overall decrease of $1,358 in 20 months)

Loving the progress I’ve made this month!  I’ve paid off over $10,000 towards my debts so far!  Just have to keep going!

19 Month Progress Update

My poor, neglected blog.  I can’t believe it’s been a month since I posted last!

I’ve been keeping extremely busy.  Last week I flew out to Wisconsin to visit my family.  I’m now in Upper Michigan with my nieces so they could spend time with their grandma.  My 5 year old niece is keeping everyone busy!

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

Current Debt (19 months later): $93,542

My debt has decreased by $59 since last month.  An overall reduction of $9,103 in 19 months.  I’m now at 8.87% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $58,572  $58,782 (up $210 since last month, an overall $2882 increase over 19 months)

Private Student Loans $35,029 $34,760 (down $269 since last month, an overall decrease of $5,861 in 19 months)

  • StudentLoan#1: $3,734  $3,742 (up $8 since last month, an overall decrease of $3,418 in the past 19 months)
  • StudentLoan#2: $10,574 $10,601 (up $27 since last month, an overall decrease of $589 in 19 months)
  • StudentLoan#3: $17,197 $17,242 (up $45 since last month, an overall decrease of $998 in 19 months)
  • StudentLoan#4: $3,524 $3,174 (down $350 since last month, an overall decrease of $847 in 19 months)

Oops, I did it again…I put more towards StudentLoan#4 instead of #1.  I mixed them up because they are so close in value.  Darn it!

This month hasn’t been very good for debt repayment.  I was going to make a decent-sized payment towards my loans before I left for visiting family but completely forgot.  Oh well, next months’ update should look pretty good!

18 Month Progress Update

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

Current Debt (18 months later): $93,601

My debt has decreased by $634 since last month.  An overall reduction of $9,044 in 18 months.  I’m now at 8.81% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $58,294  $58,572 (up $248 since last month, an overall $2,672 increase over 18 months)

Private Student Loans $35,941 $35,029 (down $912 since last month, an overall decrease of $5,592 in 18 months)

  • StudentLoan#1: $4,619 $3,734 (down $885 since last month, an overall decrease of $3,426 in the past 18 months)
  • StudentLoan#2: $10,573 $10,574 (up $1 since last month, an overall decrease of $616 in 18 months)
  • StudentLoan#3: $17,207 $17,197 (down $10 since last month, an overall decrease of $1,043 in 18 months)
  • StudentLoan#4: $3,532 $3,524 (down $8 since last month, an overall decrease of $497 in 18 months)

I love seeing StudentLoan#1 decrease now that I’m paying off mostly principal.  Can’t wait to get that one paid off completely!