Thursday, October 31, 2013

Debt Update

Time for another debt update! Last time I tackled this topic on here I was suffering from some major loan payoff fatigue. This time, my progress is extremely positive, and I have that boost of energy to finally finish off this mo-fo for good!

After the payments I made yesterday and today clear, I’ll be below $3,000 owed. This means I have exactly two months to pay off the remaining debt to reach my goal of being debt free before 2014.

One of the best parts about seeing this debt get so low is looking back at where I started. Let’s take a trip down memory lane for a minute. Back in May 2012, I had approximately $41,000 in student loan debt. In July of that year I started blogging: 

July 10, 2012 - First blog post on debt. According to this post I was slated to pay off my first graduate loan by early 2013. 

September 15, 2012 - Paid off first graduate loan. Well in advance of 2013. 

November 30, 2012 - Realized that by the end of 2012, I will have paid off $19,000 in debt in only one year. 

January 18, 2013 - Went below $20,000 owed on my student loans. 

February 13, 2013 - Went under $1,000 owed on my remaining graduate loan.

March 4, 2013 - Paid off remaining graduate loan. Adios, 6.8% interest! 

March 27, 2013 - Embarked on Operation Debt Destruction: become debt free by the end of 2013. 

July 22, 2013 - Went below $10,000 owed on my remaining (undergraduate) student loan. 

September 2, 2013 - Went below $7,000 owed on student loan. 

TODAY - Went below $3,000 owed on student loan!