First, before I go into any announcements, I want to thank those who wished me well on my post on Tuesday. After a couple more rest days, and besides the lingering congestion, I’m finally feeling back to normal.
To my announcement- I did it! As of this morning I have paid of my Sallie Mae 03. See my table below.
|Loan Name||Interest Rate||Original Balance- May '09||Current Balance||Total Paid Off|
|Sallie Mae 01||5.25||$27,837.24||$24,462.48||$3,374.76|
|Sallie Mae 02||4.75||$22,197.02||$19,189.15||$3,007.87|
|Sallie Mae 03||7.75||$20,692.10||$655.99||$20,036.11|
|Sallie Mae 04||5.75||$10,350.18||$7,723.61||$2,226.57|
|Sallie Mae 05||5.25||$6,096.03||$5,356.99||$739.04|
|Sallie Mae 06 & 07||4.75||$6,415.09||$0.00||$6,415.09|
|Sallie Mae- DOE 01||5.25||$5,000.00||$0.00||$5,000.00|
|Sallie Mae- DOE 02||5.25||$3,000.00||$0.00||$3,000.00|
Although I haven’t updated the table, the balance is now $0! This will give me an extra $34 per month to throw at the next debt in line- Sallie Mae 05. AND, not only did I knock out #3 but I started to pay down #5 bringing the balance to just over $4,900.
With it being so late in the week already (my apologies…)and the fact I didn’t do ANYTHING last week except take Nyquil and watch Netflix, I figured I wouldn’t do a full blown debt update, I’ll just save it for Tuesday, unless I get enough comments to warrant one.
I do have one question for those paying off debt- do you guys do anything to reward yourselves when you reach a milestone, or do you figure the ability to put more money on the next debt is enough of a reward in itself? Let me know in the comments!