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Student Loan Saga

November 24th, 2019 at 09:33 pm

Just adjusted my budget and I’ll be able to drop $700 on CC10. I’m so excited.
I think this card will be paid off by March and I can finally, start tackling my student loans.

I just want to cry, I was feeling like I’ll never be able to start tackling the loans. If I hadn’t gotten hit with the legal bill earlier this year, this card would have been gone in June. I know I can’t/shouldn’t beat my self up about it but I just can’t help thinking about the what if’s.

I’m estimating it will take me 6-7 years to pay off the student loans, that’s $10k a month. If I can keep the side hustle for at least two years, it will take 4-5 years.

Fingers crossed that all go as planned

Posted in Debt | 7 Comments »

7 Responses to “Student Loan Saga ”

  1. Creditcardfree Says:
    November 24th, 2019 at 10:24 pm

    Great job on the extra payment to debt! Do you mean $1k to student loan debt rather than $10k to debt?

  2. rob62521 Says:
    November 25th, 2019 at 12:15 am

    Amber, don't get discouraged. You've done wonders getting your debt down. You can do it!

  3. Amber Says:
    November 25th, 2019 at 02:03 am

    CCF, LoL I meant $10k a year

  4. mumof2 Says:
    November 25th, 2019 at 02:31 am

    That is awesome...you are doing great before you know it it will all be gone...look how far you have come...you got this...hope your side jobs keeps up for you

  5. crazyliblady Says:
    November 25th, 2019 at 04:04 am

    You are doing awesome, so don't beat yourself up because your brother decided to make a mess of things. The fact that it happened and you just happened to have the money to get the problem resolved was fortuitous and a blessing for you.

    If you can refinance at some point for a lower rate, it is a good deal. I had subsidized federal loan years ago that I refinanced. The rate dropped from 7% to 4%, I think. My payment was the same, but it shaved some time off the length of time to pay it back.

  6. Trying to get ahead Says:
    November 25th, 2019 at 11:46 am

    You can do it Amber! There were many times I crunched numbers and sometimes it felt to me that the day I make my last payment was never going to come. However, my side gig was the key for me to be able to get my credit cards and student loan paid off. It was a total blessing because one month after I paid off my student loan, I lost my job. If I hadn't paid them off I would be losing my mind with anxiety! Side gig is totally worth it and will make a tremendous impact on getting your debt paid fast!

  7. CB in the City Says:
    November 25th, 2019 at 01:17 pm

    Whew! So glad you are not paying $10K a month! Smile

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