Avery, Author at Millennial Mayday

How to Decide Between Investing and Paying Off Debt

Investing vs Paying Off Debt: Stopping My Student Loan Payments?

August 7, 2018 Avery Comments 0 Comment

Investing vs paying off debt. That’s a dilemma that many people paying off debt face. And that is the exact dilemma I am currently facing. Since I started my debt repayment journey, I knew that once I got my six-figure debt down to under $100,000 (which I’ve now accomplished), I would reassess my aggressive debt payment strategy for alternatives such as saving for a home or investing. I made a New Year’s resolution of getting my debt down to $100,000 by…

July 2018 Debt Progress: Out Of Six-Figure Debt!

August 4, 2018 Avery Comments 3 comments

Welcome to my July 2018 student loan debt progress! If you are new here, every month, I post the progress I’ve made on paying off my student loans. I do this to hold myself accountable and to share my debt progress with others who are also facing debt payments of their own. Debt paid this month: $13,000 Debt remaining: $98,004 Check out my debt progress so far from the very beginning here. FYI: I am on the REPAYE program which…

Confessions of a 25-Year-Old Six Figure Earner

July 31, 2018 Avery Comments 4 comments

Six-figure salary. It’s a dream for a lot of people. It certainly was a dream of mine when I set upon my career path. I grew up in a middle-class family and enjoyed a great childhood. But when my parents separated, the dose of reality hit as I witnessed first-hand how hard my mom had to work to put food on the table so that my brother and I would never be lacking. At 10 years old, I realized just…

Why You Need to Reward Yourself While You Pay Back Debt

July 17, 2018 Avery Comments 2 comments

As you may know, I’ve been paying my student loans aggressively for the past year now. While there will always be room for improvement, I’m proud of the progress I’ve made so far. I went from a six-figure debtor to a five-figure debtor exactly one year since I started my loan payments. While I consider my frugal habits to be the number one reason for why I was able to put $73,000 into loan payments in one year, I also…

7 Things You Should Buy to Actually Save Money

July 9, 2018 Avery Comments 0 Comment

On my mission to pay off my six-figure debt, I have been actively cutting down on unnecessary expenses. I’ve even written a blog post on 6 Things I No Longer Buy to Save Money so trust me when I say I do not like spending money unnecessarily. While I don’t like to splurge, I do realize that splurging on certain items have allowed me to save money in the long run. So I decided to post a list of 7 purchases…

June 2018 Debt Progress: $6,000 Paid

July 2, 2018 Avery Comments 7 comments

Welcome to my June 2018 student loan debt progress! If you are new here, every month, I post the progress I’ve made on paying off my student loans. I do this to hold myself accountable and to share my debt progress with others who are also facing debt payments of their own. Debt paid this month: $6,000 Debt remaining: $110,806.26 Check out my debt progress so far from the very beginning here. As I predicted, I made fewer contributions to my loans…

Why I Regret Becoming a Pharmacist

June 29, 2018 Avery Comments 151 comments

I graduated from pharmacy school a year ago and have been a licensed pharmacist for almost 10 months now. I wish I could say all those hours spent studying in pharmacy school and all the debt I incurred was worth it now that I am a practicing pharmacist. But then this post wouldn’t be called Why I Regret Becoming a Pharmacist. Although the thought had been running through my mind and I’ve said it a few times to some friends,…

How I Found the Motivation to Pay Off My Debt After a Setback

June 2, 2018 Avery Comments 0 Comment

I have to admit, over the last 2 months, I had seriously considered stopping payments on my student loans. I can make excuses all night long but at the end of the day, I was simply losing the motivation to pay off my debt. Since I’m on the REPAYE plan and just graduated last year while making almost no income, I have $0 per month minimum payment for the next 12 months. This means I am not obligated to make payments until…

May 2018 Debt Progress: $8,687 Paid

June 1, 2018 Avery Comments 0 Comment

Welcome to my May 2018 student loan debt progress! I think this is the most excited I have been to write a debt progress post. I made a lot of contributions to my student loans this month. And *drumroll please*… I paid off another loan! Debt paid this month: $8,687.01 Debt remaining: $116,595.66 Check out my overall debt progress here. I’ve been feeling down these past couples of months. But this month, more than anything else I was feeling angry that…

Why You Should Apply for REPAYE Loan Repayment Plan

May 21, 2018 Avery Comments 0 Comment

I love my loan repayment plan. Not many people can say that but not many people can also say that they are able to make $0 monthly payments with interest rates cut in half. I can and that is why I love the REPAYE plan that almost everyone with federal loans is eligible for. REPAYE stands for Revised Pay as You Earn. It is an income-based repayment program offered for those with federal loans. It is the newer, more inclusive…

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My journey to financial independence

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