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Ashley’s August 2016 Debt Update


Hi friends!

I hope everyone is having a relaxing, laid back Labor Day holiday! We’re still in Texas (we drive back to Tucson tomorrow), so I’m just peeking in with a real quick Debt Update from the month of August.

Here it is:

PlaceCurrent BalanceAPRLast Payment MadeLast Payment Date Original debt, March 2014
ACS Student Loans$85966.55%$20August$8215
Balance Transfer Student Loan #2$58500% (through April 2017)$500August$7650
Medical Bills$57360%$25August$9000
Balance Transfer student loan #1$00% -Paid off in March 2016$5937
PenFed Car Loan$02.49%-Paid off in January 2016$24040
License Fees$02.5%-Paid off in April 2015$5808
BoA CC$07.24%-Paid off in June 2014$2220
Mattress Firm$00%-Paid off in May 2014$1381
Wells Fargo CC$013.65%-Paid off in May 2014$7697
Capital One CC$017.9%-Paid off in March 2014$413
Totals$85,553 (July balance = 86,518)$1374Starting Debt = $145,472

This was a relatively small debt payment (particularly in comparison to last month’s monstrous debt payment), but I’d expected that given that August is a little bit lower-income month for us (I do not get paid from my part-time job at all in August). Even so, we made some good progress over and above minimum debt payment obligations. We just keep chip-chip-chipping away at our debt totals.

As another exciting piece of information – we think we found “the one” (house). We saw it just before leaving town for the Labor Day weekend and called our realtor to put in an offer while we were on the road (we signed via docusign using my phone’s hotspot to get internet on our computer). Fingers crossed!!!

After house stuff is behind us we plan to make some really concrete mini-goals for the student loan debt. I’ve been hesitant to make any mini-goals (aside from our general 2016 goals) because it feels like so much has been up in the air with the house hunt and trying to just stockpile as much cash as possible for a down payment and emergency fund, etc.

I’ll keep everyone updates as house progress continues. : )

Have a great long weekend!


  • Reply Anon |

    Congratulations! I’m excited to hear about the house and the mini-goals you have set! Also, you are on the edge of having paid off 60k! When we were facing large debt balances I would celebrate the little victor like each 10k. Once you get past 72k you will be at the halfway point, and the second half goes so much faster (minus the excitement to get done).

  • Reply Den |

    I think it was an awesome month for you guys with all your busy stuff going on – keep up the great work!

  • Reply Jean |

    Girl, I don’t know how you keep it all going! I hope you were able to find a balance between visiting with family & taking care of your dad’s affairs while you were in TX over the weekend. Congrats on the house! I put contracts on THREE different houses before I finally bought one (first one I got outbid, second one I walked away from due to disagreements about repairs). Docusign is awesome, BTW. And ANY progress on your debt repayment is in the right direction. Keep up the good work!

So, what do you think ?