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Rolled Change

December 18th, 2025 at 11:19 am

I'm throwing everything I can at my student loan. Yesterday I rolled my change (coins), something I do every year  and I had $53, so I threw it all at my student loan. 

Next week is pay day at my second job. I have decided that after paying my tithes rather than saving half and using the other half to pay down my loan, I'm throwing it all at the student loan. That's about $1000 every pay day, $2k a month. That means in 5 months I'll be done. 

Though my savings isn't where I'd like it to be, I have about 8 months of expenses saved. Should I become unemployed and unable to pay this loan, it will balloon back up and for me it's not worth it. Things have been slow on my first job, and a bunch of layoffs so I need to act. I'm so afraid to have this loan increase after paying so much. 

wish me luck 

Posted in Reaching Financial Freedom, Debt, Budget | 4 Comments »

4 Responses to “Rolled Change”

  1. Tabs Says:
    December 18th, 2025 at 04:24 pm 1766075078
    1766075078

    You’re doing everything you can to pay down debt, and 8 months of expenses saved is certain good work, so congrats!

  2. Suemn Says:
    December 18th, 2025 at 07:46 pm 1766087189
    1766087189

    I think that's a good idea Amber. Get rid of the student loan!

  3. Lots of Ideas Says:
    December 18th, 2025 at 08:09 pm 1766088562
    1766088562

    Amber I think this is a great plan. 8 months of expenses, plus you would still have your second job and maybe unemployment if something happens to your job.

    But also - I don’t know how up to date your side bar is, but you say daily interest is $2.26. If you were able to keep paying $75 per month on your loan, the principal would still go down a small amount each month. The situation is very different than when the interest due astronomically outstripped the payments every month.

  4. PatientSaver Says:
    December 19th, 2025 at 03:11 pm 1766157066
    1766157066

    Good luck, Amber. You got this. I would do the same thing for sure.

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