student loan payment Archives - Page 4 of 5

September & October 2018 Debt Progress: It’s Back!

November 16, 2018 Avery Comments 0 Comment

I’m a procrastinator. There. I’ve said it. So now that we’ve gotten that out of the way, where to start? I haven’t posted since September and haven’t done a Debt Progress roundup since August. So to cut things short, I’ll combine my September and October Debt Progress into this one post. I will also discuss where I’ve been putting my money since you’ll see that I’ve made less than stellar progress on paying my student loans. Lastly, I’ll discuss my…

August 2018 Debt Progress: $2,000 Paid

August 30, 2018 Avery Comments 0 Comment

Welcome to my August 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: $2,000 Debt remaining: $96,171 Check out my debt progress so far from the very beginning here. FYI: I am on the REPAYE program which…

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…

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…

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…

April 2018 Debt Progress: Changing My Payment Strategy

May 5, 2018 Avery Comments 0 Comment

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…

March 2018 Student Debt Statement

April 3, 2018 Avery Comments 0 Comment

For the month of March, I did not make any payments at all. I had a couple of setbacks in life. My contract position ended earlier than expected due to lack of business needs which led me back to my part-time job. So at the end of March, I am currently in higher debt than I was last month. I accrued $340.53 in interest. The good news is those accrued interests are not being capitalized and I have 50% subsidy…

How to Pay Off $50,000 in Less Than a Year

How I Paid Off $50,000 Debt in 7 Months

March 27, 2018 Avery Comments 0 Comment

I started my journey of paying off my student debt in July of 2017. From July 2017 to February 2018, I paid $46,877 to my student loans and $3,220 to my credit card balance. This is how I paid off $50,000 debt in 7 months. I attribute most of my success in paying my debt to cutting down my spending so I’m going to break down my spending for these 7 months. Then I will dive into what I did…

Millennial Mayday

My journey to financial independence

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