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Ashley’s August 2015 Debt Update


Happy Monday, all! It’s officially the first day of the Fall semester for both of my jobs (the full-time in-person position & part-time online teaching position. If you didn’t hear – I recently posted the good news about keeping my online job!). I’m teaching two classes for each this semester (4 classes total), but only one is in-person, so I’ll be able to do most of my work online. I’m very grateful for the flexibility! I’ve already been a little swamped, but I’m getting by. It’s helped that I’ve had a very strict work distinction. I ONLY do my part-time job at home. And, for the most part, I’m only doing my full-time job at school (with the exception of checking/responding to emails, etc. at home).

Hopefully I’ll start making some really killer debt payments soon as I officially start receiving TWO paychecks in the month of September. Can’t wait!

In the meantime, this month’s debt payment wasn’t too shabby, either! Check it out:

PlaceCurrent BalanceAPRLast Payment MadeLast Payment DateOriginal debt, March 2014
Capital One CC-17.9%-Paid off in March 2014$413
Mattress Firm-0%-Paid off in May 2014$1381
Wells Fargo CC-13.65%-Paid off in May 2014$7697
BoA CC-7.24%-Paid off in June 2014$2220
License Fees-2.5%-Paid off in April 2015$5808
Navient - Federal Student Loan$34158.25%$266August$4687
ACS Student Loans$209927.24%$77July$21035
Navient - Dept of Education student loans$665526.55%$257August$63254
PenFed Car Loan$121872.49%$1500August$24040
Balance Transfer student loan (Former Navient 1-01)$47120% (through April 2016)$125August$5937
Medical Bills$60360%$25August$9000
Totals$113,894 (July balance = 115,871)$2250Starting Debt = $145,472

Hopefully the debt payments stay steady (or increase!). I’d love to break the $3,000/month toward debt mark. This month was $2250 and it just blows my mind! We’ve worked so hard to make debt payments in the two-thousand-plus dollar range. But the more we can throw at our debt (especially the car!) the sooner it will be gone and the closer we’ll come to meeting our 2015 financial goals. Wish us luck, because we’ll certainly need it to meet our lofty goal (paying $30,000 toward debt in 2015).