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Student Loans and IRA

November 24th, 2021 at 04:01 am

It’s not much however I’m happy. Today, I bumped my IRA contribution to $100 a month, I’m hoping to eventually max this out since I’m not getting any younger. 

I also paid $100 on my student loans. 


Since I’m not great at managing my money without a pay check, I got with my accountant  who will begin paying me a paycheck bi-weekly, withholding taxes starting in January. 


My interview with my third client went well and I’m estimating, approximately $24,000 a month for the next three months if I land that contract. I’m exhausted but the plan is to max out my IRA, pay off my student loan and get my mortgage down. 

I can't help but think that had I not had these student loans I'd be half way to paying my house off 

7 Responses to “Student Loans and IRA”

  1. LivingAlmostLarge Says:

    Congrats and good luck!

  2. mumof2 Says:

    good luck I hope you get the will have them paid off in no time and then can concentrate on the morg!!

  3. Lots of ideas Says:

    Amber, we never know the result of the Road not Taken.

    All of your choices led to where you are…your education caused you to incur the student loans.
    Other choices caused you to incur other debt.

    But look at how strong and disciplined you are now.
    More than anyone else who posts here, you have persisted out of a very deep hole.
    The end is in sight.
    Add up how much you owed in the beginning and look at where you are now.
    Everyday you should look in the mirror and praise yourself.

  4. Turtle Lover Says:

    you are doing great!

  5. LifeBalance Says:

    LoI worded it perfectly! I second that.
    Your sidebar is good reminder of where you were for all of us - it's inspiring.

  6. james.hendrickson Says:

    I'm with the other commenters here, this is progress.

  7. LuckyRobin Says:

    I hope you get that client. I'm trying to figure out which loan you are working on since you have the student loans broken down differently than you did for any other debt. Is it the one that is $19,904.63 that you are paying down now? And then you will have $35,411.66 left to do after that and you will be done?

    At the rate you are going you will be tackling your house soon enough. You have made great strides. Don't let the could-have-beens get you down. You have done a tremendous job and have moved by leaps and bounds once you really made your mind up. You fixed your life. You did. All by yourself. And you will make all of your goals one day. I believe in you.

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