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Hi! I’m a 30-something Mom of two, working from home as a full-time freelance writer. I’m recovering from debt accrued as a result of my divorce, and working hard to pay student loan debt off, too!
Many of us are in massive amounts of student loan debt. I went to school online in the early 2000s, and I’m nowhere near paying those loans off. Here’s how I have made progress paying off student loan debt.
34 commentsby Hope
I have been writing here at BAD for over 5 years now! Can you believe that? I can’t!
This was my first ever post which included my first ever debt update. It was published in February, 2014. My total debt was $78,518!
And without further ado, here is my current debt load.
(as of 10/14/17) | |||
|---|---|---|---|
| Student Loans | $34,991 | 2.88% | $0 (income based deferment) |
| Car | $4,773 | 7.00% | $400 |
| Credit Card | $2,434 | 17.00% | $60 |
| Collections 3 (Ex-husband) | 0 | 6.25% | $0 |
| Collections 2 (Apartment) | $499 | $0 | |
| Total | $42,697 | $460 |
Total Debt as of 3/13/2019 is $42,697
My last debt update is HERE if you want to compare the two, it was published in December, 2018.
I’ve got to admit, comparing my first ever debt post and today’s was a bit discouraging, especially when I compare myself to the headlines of others debt pay off journeys. But I won’t make excuses.
I do know that I have come a long way as far as mindset over the 5 years. Not to mention knowledge. And I am in a really good place as far as payoff mindset (finally, right, long time readers!)
I haven’t put a lot of thought into my plan of action. Frankly, I haven’t had time to sit down and think about anything.
But in looking at my numbers, this is what I have in mind:
In my dream world, I would love to have all three of these debts paid off by the end of the year. And I think it’s doable looking at my year as a whole.
Thoughts? Feedback?
