We are there guys! We and by we, I mean I hit $10,000 in my high interest savings account this past month. Woot, woot! So now it’s time to turn my eye to my remaining debt – time to pay off those student loans. Finally!
This is the balance as of today.
| Debt Description | October, 2023 Total | Interest Rate | Minimum Payment | Current Total | Payoff Date (Est) |
|---|---|---|---|---|---|
| Student Loans | $22,121 | 2.875% | $307 | $18,246 | |
| CC - Apple** | $500 | $0 | May, 2025 | ||
| CC - Frontier | $3,857 | 29.99% | $0 | $0 | May, 2025 - Closed |
| Dad - New Furnace | $2,600 | 0% | $0 | $0 |
May, 2025 |
| CC - USAA | $5,000 | 19.15% | $0 | $0 | May, 2025 |
| CC - Sam's Club | $0 | May, 2025 (again) | |||
| CC - Amazon | $0 | May, 2025 (again) - Closed | |||
| CC - Southwest | $0 | May, 2025 | |||
| Painter | $0 | May, 2025 | |||
| CC - AMEX | $894 | 29.24% | $0 | $0 | Mar, 2024 - Closed |
| CC - Sams | $1,106 | 29.99% | $0 | $0 | April, 2024 |
| Personal Loan #1 | $2,500 | 0% | $0 | $0 | July, 2024 |
| Personal Loan #2 | $2,500 | 0% | $0 | $0 | August, 2024 |
| CC - Wander | $1,630 | 29.24% | $0 | $0 | August, 2024 - Closed |
| CC - Amazon | $1,497 | 29.99% | $0 | $0 | September, 2024 |
| Total | $44,206 | $307 | $18,246 |
And today, I scheduled an extra $400 payment. That was my overage last month after all my regularly budgeted items plus hitting my $10K goal in savings.
The Plan
I will continue to put $130 into my various investment accounts and savings accounts every week. This is broken down as: $50 into high interest savings and $80 into investment accounts. Those are on auto-draft.
All monies outside of my regularly budgeted items will then be poured into my student loan debt. Looking at the past few months, that should end up being a minimum $2,000 per month to my student loans. As I’m writing this, I realize that I have not shared my updated budget. I’ll get that shared in the next week or so.
Work
Work continues to go well. Most of my work for the past 6 months has come from 3 main client and a handful of small projects. I’m currently working on applications for a number of other small clients/projects. And have two smaller projects to complete this month in addition to my ongoing work from my 3 primary clients.
I’m enjoying a very nice work/life balance for the first time in a really long time. In the past it has always seemed I had too much or too little work. Now I am enjoying staying busy and earning a good living, but having the time and capacity for a life. In addition to ongoing caretaking for my mom and supporting my dad, I’ve found a church I love, joined a couple of women’s Bible studies, and signed up for a number of free classes at the local library. This week I’m going to a book making class.
Life is good.
The post Hope’s Debt Update – November, 2025 appeared first on Blogging Away Debt.
