I’m so thankful that I’m able to tackle these student loans so aggressively. Today I paid another $300, new balance on student loan 1 is $3680. In about two weeks I should be able to pay another $800 bringing the total below $3,000. It’s only the first of four loans but I feel fired up about it.
Since I’m averaging about $1000 a month in payments I’m considering not applying for the income driven repayment (IDR) plan, which will put my regular payments at about $650 a month. This will also help with the interest. I have to do a little more research.
Money wise, my cash envelopes came in under budget this budget period, so I’m happy for that. I paid the October electric and mortgage payment. I believe in paying these items as soon as I receive the invoice and have the money. I’m a big believer of not waiting, you never know what will happen. Glad I do this, September mortgage payment was made mid August. The payment bounced. We couldn’t figure out why, well the touting number was wrong. Thankfully I had paid early and was able to meet be September 1, payment
My savings, is looking a little nice. It’s not where I’d like to be, but it’s coming along.
Lastly, yesterday I went to Dunkin’ Donuts 🍩 with a gift card of course, it felt great to go out. I didn’t dine in but it felt good to be out since I’ve been self-quarantining for months.
Another Student Loan Payment
September 18th, 2020 at 10:59 am
September 18th, 2020 at 12:00 pm 1600430423
Their rates are quite low - 2.99 if you sign up for autopay. I don’t know if they let you make extra payments, but I think they would.
They were started by college graduates who had paid off loans and wanted to help others get out of debt. They are more corporate now, but their mission is similar.
September 18th, 2020 at 01:30 pm 1600435824
September 18th, 2020 at 08:27 pm 1600460860
September 19th, 2020 at 02:44 am 1600483458
Lots of Ideas I did look at refinancing but right now it works in my best interest to keep where they are. It’s zero interest and if things go crazy I can always postpone the payments.
September 19th, 2020 at 06:58 pm 1600541909