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Student Loan Update

July 15th, 2020 at 09:29 am


Today I received my tax return of $538, I wish I could break even but hey. Anyway, I paid a few things (see previous post) and paid an additional $200 on the student loan debt.

This has been an amazing month, when it comes to tackling my student loans. Though I have a way to go, it still feels good to finally be able to get to this debt, while I’m on this debt free journey. I’ll be honest, I’m praying that another relief comes down the pipe and they continue the interest free relief until at least December, that would allow me to pay off one of the loans at least.

Since June I’ve paid almost $2000 in interest, next Friday is pay day and I’ll be paying $350 that would wrap up the interest and rest would finally go towards the principal.

For a while I was really depressed about these loans, I mean really depressed, but the ability to actually make payments and see a little headway really made a difference.

Posted in Reaching Financial Freedom, Debt | 3 Comments »

3 Responses to “Student Loan Update ”

  1. creditcardfree Says:
    July 15th, 2020 at 12:22 pm 1594815725
    1594815725

    You are seeing the momentum that focus on debt can do! Dave Ramsey talks about how things just start building and opportunities and sources just seem to show up when you take care of the debt. I think part of your shift was seeing your loans in smaller amounts and then in this case focusing on the interest.

  2. Lucky Robin Says:
    July 15th, 2020 at 10:35 pm 1594852510
    1594852510

    I am glad you are making some progress.

  3. rob62521 Says:
    July 16th, 2020 at 08:55 pm 1594932932
    1594932932

    You have done so well! Congrats!

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