Previously on The Billfold
It’s time to check in on our debt payments and savings goals again. If you’re joining us for the first time, you can read about our decision to publicly keep track of our debt here.
We normally do these check-ins at the end of every month, but since we were on hiatus during the holidays, we’re doing our December check-in now. Pull up those balances!
Logan’s paying off a Citi Card, which currently has an APR of 19.99 percent, and a minimum monthly payment of $47.
November 2013 Balance: $3,135.75
December 2013 Balance: $3,020.64
I’m paying off one of my Sallie Mae Private Student Loans, with a current interest rate of 4.5 percent, and a minimum monthly payment of $55.
November 2013 Balance: $270.24
December 2013 Balance: $0.00
Goodbye Sallie Mae private student loan! The next thing I will be focusing on is a private graduate student loan currently serviced by Discover (it’s been previously serviced by two other companies and has landed here in the past year). The interest rate on this loan is 2 percent (I’m not sure how I scored this interest rate—timing perhaps, and a slight discount for automating payments—but I’m grateful for it), and the minimum monthly payment is $147. The original balance on this loan was $22,377.
November 2013 Balance: $14,842.52
December 2013 Balance: $14,668.87
November 2013 Vacation Savings: $0
December 2013 Vacation Savings: $50
Money was spent on plane tickets for Christmas, so, this is being rebooted!
Remember, if you pay off one of your debts or reach a savings goal, email me your address and I’ll mail you a note to congratulate you.
See previous months here.