Watch as she attempts to dig herself out of debt and navigate the path to wealth.

Monday, November 16, 2015

Debt Progress Like Woah

Woah. All I can say is woah. Since June of 2014, just 16 months ago, I have paid off almost $27,000. Thats 27 THOUSAND dollars. Is that right? Yes, this is true. I just did the math. I'm so proud of myself and excited at my progress. I can finally see the light at the end of the tunnel.

This past weekend I made a final payment on my 3rd student loan and what remains is this little guy below. This little guy that isn't so little, a mere $20k, will be my final debt. Instead of concentrating on the large amount, i'll be taking it one step at a time month by month.






Liabilities
Min Payment
Balance
Interest Rate
Student Loan 1
$227.05
$20,879
2.36% / 6.8%

227.05
$20,879


I am so excited to be getting these debts out of my life once and for all. And the thought of instead of $1,600+ every month going out the window to paying off debt, will instead land in my savings account and allow me to live a completely different life is such a motivator. I will be able to go after goals that I have placed on the back burner because of this dead weight debt. What a great feeling to have on a Monday! Have a great week!

How is your debt payoff going? Do you have a plan in place? Follow me on Twitter @financegirl