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…
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…
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…
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…
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…
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…
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…
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…
With graduation season around the corner, you are probably filled with excitement to finally finish two decades worth of education and finally start entering the work field. Maybe you are currently struggling on the job hunt or feeling anxious at starting your first “adult” job. But there is also a hurdle coming your way. Now that you’ve graduated, you have to start paying your student loans. While you may be tempted to put off thinking about it while you’re in…
April was horrible. I can’t believe the last time I made a student loan payment was in February which is not good at all. I am so glad I started this blog to hold myself accountable because I am feeling pretty damn embarrassed right now for not making progress so there will be drastic changes coming. The upside is while I didn’t make any payments in March or April, I didn’t default on them at all. This is because I…