Pay day today, and I added $409.79 to student loan 1, the balance is now $29,000. The odd number balance was driving me nuts. Goal next month is to pay $1,000 on this sucker. I was aiming for that this month, but fell shy, total paid for June $709.79.
The loan is still in forbearance until September 30. If I pay the $1,000 in July, that would put the balance just under what I started with when I started on this journey to repay my debt. That’s definitely a motivator.
The underwriter approved the refi, I’m waiting to hear from the title company to set the date for the closing, I’m anticipating no later than Wednesday for the close.
Next week I should be receiving the money from my side hustle, after tithes it leaves me with $720, of that $500 will go towards the student loan.
I had to pay the inspection and some other fee for the refi that I put on the credit card, to earn the points. That’s why I opted only $500 for the side gig for student loans. I do have the cash to pay the credit card, but I’m waiting to see how much of a cash back I get from the refi before doing that, as well as how much of a cash back from using the credit card in June.
I put some big purchases on the card this month. All the refi stuff, inspection and title, plus my professional development membership (company will reimburse) so I’m anticipating at least $50 cash back. Though it’s ultimately the same, I’d rather use the money from the refi and rewards vs what’s in my account to pay off the credit card.
That’s it, happy Friday
Student Loans
June 26th, 2020 at 09:33 am
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