Finance Archives - Page 11 of 11

Debt Snowball vs Debt Avalanche: Which Debt Repayment Method is Right for You?

Debt Repayment Guide: Choosing Between Debt Snowball vs Debt Avalanche

February 28, 2018 Avery Comments 0 Comment

Having trouble deciding which debt repayment option is right for you? Maybe you have heard the terms “debt snowball” and “debt avalanche” repayment methods being thrown around. What are they and which one should you choose? I will go over all that in this Debt Repayment Guide: Choosing Between Debt Snowball vs Debt Avalanche. When I graduated from grad school and looked at all my loans (check out my first debt statement to see what I started with), I was…

November & December 2017 Student Debt Statement

January 30, 2018 Avery Comments 0 Comment

November and December were very busy months for me, with the holidays and the new job. I only made one payment total in November so I decided to combine November and December into one student debt statement. Overall I made very great progress in December, making up for that one payment I made in November. I decided to tackle my next highest interest, deciding to go with the debt avalanche method. I had previously requested Nelnet, my student loan servicer…

October 2017 Student Debt Statement

November 2, 2017 Avery Comments 0 Comment

Now that things have settled down a bit more and I have more time on my hand, I am definitely planning to update more. I’ve been keeping up to date with my student debt statement. I wrote in my previous post that I had some good news to share. I should have known better no good news comes without a setback. So I have one good and one bad news. The good news is that as you can see, I’ve…

August & September 2017 Student Debt Statement

October 21, 2017 Avery Comments 0 Comment

Since I’ve been behind in updating my student debt statement, I figured I would put the past 2 months in the same post. In total, I contributed $2,000 in August and September. Not a lot of changes for both month. I am still very proud of myself for getting in those $1000 payments each month, especially because they were made during my grad intern days when I was only making less than half of my current salary as a…

July 2017 Student Loan Debt Statement

September 10, 2017 Avery Comments 0 Comment

Hello and welcome to my first student loan debt statement post. Every month I will create a debt statement listing out my student loans, any payments I’ve made that month, and my current balance. Perkins & Subsidized Loans These are my undergraduate loans. I had made a couple of payments on them while still in undergrad because I realized I had taken out too many loans, hence the payments of $1500 and $339 listed. In retrospect, had I known I…

How I Got Into $200,000 Debt

August 4, 2017 Avery Comments 2 comments

Responsible. That’s a word that gets thrown around by people who know me, but from the title of this blog post, many will assume that I am anything but, especially where money is concern. So how did I amass this much debt? Student loan is the answer as you may have expected. After graduating from undergrad, I went right into graduate school where the cost of tuition per year was $45,000 for my first year up to $50,000 when I finished. That was tuition by itself without the added cost of…

Millennial Mayday

My journey to financial independence

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