On Let’s Throw Some Money at Our Problems: March 2014 Check-in

So I've been working on my smallest student loan, which has a 7.5% interest rate and a minimum monthly payment of $55ish. I expected it would be paid off this month, because I have a pending check from my alma mater's loan assistance program that keeps not arriving, but here we are and here the check is not. February statement: $3,193.29 March statement: $3,162.97 Since I've moved my aggressive payments to my other loan in anticipation of the loan assistance check, I'm going to start tracking that here instead: February statement: $42,402 March statement: $40,518.10 (got a bonus and threw it all here!) Meanwhile, in savings: February statement: $1,125 (and change) March statement: $1,325

Posted on April 7, 2014 at 2:17 pm 0

On Let’s Throw Some Money at Our Problems: February 2014 Check-In

AW YISS. I’m paying off my smallest student loan, which has a 7.5% interest rate and a minimum monthly payment of $55ish. January statement: $3,810.61 February statement: $3,193.29 Best thing: In March I'll get a $3,000 check from my alma mater's loan repayment assistance program, and pay off that balance. Onward to the next, much larger loan! Meanwhile, in savings: January statement: $825.30 February statement: $1125 (and change)

Posted on March 3, 2014 at 7:36 pm 0

On Interview With a Person Who Paid Off $48,000 in Student Loans in Four Years

@FinancialAidArtist @Marnie That seems like a really logical and workable system. I'm doing the debt+savings thing right now too- the balance I've struck is to try to save enough to manage unpredictable costs as they pop up without going back in to debt, but it's definitely intended more as emergency savings than long-term-goals savings (which I can focus on when the debt's gone.) Right now this means that of the money I have to work with, I put 25% in savings, 75% to debt. At some point I'll probably hit a savings level that I'm comfortable with and focus 100% to debt unless the savings gets dipped into and needs topping off. I would also love to hear how others handle the savings thing! And thank you for sharing your story, Marnie!

Posted on February 19, 2014 at 9:23 pm 0

On Let’s Throw Some Money at Our Problems: January 2014 Check-In

I'm paying off the smallest of my student loans, which has a 7.5% interest rate and a minimum monthly payment of $56. December statement: $4,346.32 January statement: $3,810.61 Let's not talk about my savings. It was already low from a veterinarian adventure for my kitty, and then I owed for taxes for the first time ever. Hoping to build it back up over the next few months! December statement: $1,225.30 January statement: $825.30

Posted on January 30, 2014 at 11:01 pm 0

On My First $100 Spent in the New Year

Hooray for Food Lion! <3 North Carolina.

Posted on January 9, 2014 at 11:44 am 1

On Let's Throw Some Money at Our Problems: December 2013 Check-In

@EmilyAnomaly Yay, house savings! That is amazing.

Posted on January 7, 2014 at 4:18 pm 0

On Let's Throw Some Money at Our Problems: December 2013 Check-In

@RiffRandell Thanks! She seems better today, so no expensive vet visit yet (and more importantly no sick kitty.) Fingers crossed!

Posted on January 7, 2014 at 4:16 pm 0

On Let's Throw Some Money at Our Problems: December 2013 Check-In

Student loans! I have many, but the one I’m currently paying down has a 7.5% interest rate and monthly minimum of $56. November statement: $4,911.73 December statement: $4,346.32 Savings account (emergencies, long-term stuff, etc): November: $1,655.26 December: $1,225.30 :( My kitty got sick and spent Christmas at the vet. Yes, someday I should have a savings account earmarked for Cat Emergencies, but right now the debt is the priority...but at least I was able to pay for this out of [savings] pocket, not on a credit card. Of course now she's seeming sick again, so January may not be much better.

Posted on January 6, 2014 at 9:56 pm 0

On Let's Start the New Year With Some Small Wins

My big 2014 goals are: -Pay off one student loan and make about $8k of progress on another -End the year with $5,000 in savings Toward that end, in January I want to: -Go through lots of clothes and consignment-sell what I don't wear -See if I can sell my bar review books Because any extra money I bring in can go straight to the above goals!

Posted on January 6, 2014 at 12:09 pm 0

On Let's Throw Some Money at Our Problems: November 2013 Check-In

@ECW I hope you don't feel weird about posting here! I am also a Person of Many Student Loans, and I only track the one I'm currently paying on here- which maybe misrepresents the situation, but it helps me to see progress to just have one loan that is the current goal. But yeah, my loan listed above that has like $5k left on it is the smallest of four that are going to be following me around for a while.

Posted on December 4, 2013 at 2:17 pm 0