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About Me:

Amber

South Floridian on the "Get Rid of Debt" cycle for a second time. 💰

My journey begins with tackling Baby Step 2

Started tracking my progress on 4/21/2017, but did not get serious until August 2017

November 26, 2018 I bought my home 🏡
February 11, 2025 I bought my car 🚗

===================
Sinking funds
* Fun/vacation $119.27
* Christmas club $206.33
* Sorority $166.46
* Gifts (e.g. birthdays, showers) $114.15
* Car maintenance/insurance $615.37
* HOA $1238.20
* Home Mortgage $2,713.63
Monthly payment $759.74
* Home Repairs $257.55
* Prof. Certification renewal $21.25
* Medical/HSA $171.93
*Car Payment Acct $1192.91
Baby step 1 (EF) $11,048.47
Baby step 1b (Reserved car payment) $1450.45
Rollover IRA $22,322.37
IRA Previous balance $25,459.86
401(k) $35,588.02
Roth IRA $152.58

—————————-—————————
Started May 2019
Net worth beginning -$183,166.24

Net-worth
7/31/2023 $51,814.80
7/14/2023 $54,344.13
6/7/2022 $39,799.17

—————————-—————————
Debt

2/11/2025 Car
Original balance $41,000
New Balance 36,000
Monthly Car Payment $591.28

11/1/18
Original Mortgage: $140,000.00
Mortgage financed: $119,500.00
New balance: $98,280

10/2022 Student Loan Consolidated Original Balance: $35,622.23
New Balance: $8077.30
Interest accrual $1.62 as of 2/5
Daily interest rate $1.62
January 2025 Balance was 24,155.10

Consolidated student loans on 10/18/2022
Student Loan 2: $55,202.21
* Initial Account 4 balance $28,711.66
• Current account bal #4 bal $0
* Initial Account 2 balance $13,873.23
• Current Account Bal #2 bal $0

Student Loan 1: $28,046.16
* Initial Account 1 balance $8,141.53
* Current Account #1 balance $0
* Initial Account balance $19,904.63
• Current account #3 balance $0

CC12: BOA Travel
Org. Balance: $2050
New Balance: $0

CC11: Home Depot
Org. Balance $2600
New Balance $0

CC10: Sams club Starting balance $10,150.69
New balance: $ 0

CC9: BoA starting to balance $0
New Balance: $0

CC8: Macy's Amex starting balance $0
New balance $0

CC7: JCP starting balance $2,608.12
New balance $0

CC6: Macy's store starting balance $0
New balance $0

CC5: HSBC starting balance $2,115.00
New balance $0

CC4: Target starting balance $1,992.32
New balance $0

CC3: City Furniture starting balance $1,821.31
New balance $0

CC2: Citi 2 starting balance $9300
New balance $8,300
Balance transfer

CC1: Citi 1 $0

Archives

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    [Feb 2026] => /2026/02/
    [Jan 2026] => /2026/01/
    [Dec 2025] => /2025/12/
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    [Dec 2018] => /2018/12/
    [Nov 2018] => /2018/11/
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    [Aug 2018] => /2018/08/
    [Jul 2018] => /2018/07/
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    [Oct 2013] => /2013/10/
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)

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Date Started: Feb 13, 2006
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Home > Student Loans

Student Loans

August 24th, 2022 at 11:55 pm

Lord, I pray that I'm eligible for the student loan forgiveness.

Biden made the announcement and I have no clue if I'm a part of the eligibility group.

Fingers crossed s

Posted in Reaching Financial Freedom | 2 Comments »

2 Responses to “Student Loans”

Suzanne Says:
August 25th, 2022 at 09:46 pm 1661463974
1661463974

There's an income limit on it...I believe it's $125K
Amber Says:
August 26th, 2022 at 12:51 am 1661475095
1661475095

Thanks Lots of Idea, I signed up for the alerts.
@Suzanne my income is $105k but after taxes I’m thinking about 87k
Last year with all my deductions I was able to get down to about 60

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Amber's Personal Finance Blog

Trying to stay away from debt

Student Loans

2 Responses to “Student Loans”

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