Monthly Update - January 2015

After this month's student loan payments, my totals have shifted slightly. Here's an update of my current balances:

This will be my baseline starting from February. My goal is to set aside $540 for the next two pay periods, and pay off Loan 1 by April 1st! I'll post an update again around the end of February with the new figures.

Thanks for the support so far!

Breaking Down Student Loans, Part 2

In my last post, I talked about the first step to organizing and paying back my student loans. Here's picking up where I left off. 

STEP 2: SET GOALS AND BUDGETS

Now that I've got my loans broken down and sorted by amount, I can set goals for how quickly I'd like to pay them off. Tomorrow is impossible, and even within a year is unlikely. After all, I don't want to give up all of the things I enjoy, confine myself to my cold apartment with holes in my clothes and suffer because of impatience. So I've set reasonable goals for myself, ones that I know I can easily maintain. 

A Breakdown of Student Loans

In college, I took out an incredible amount of loans to pay for tuition without really realizing what I was getting into. But that's kind of the trick, right? Anyway, even though I graduated almost six years ago (w-whaaat?!), I've still barely managed to break the surface of my student loan debt.