OH YEAH: My Car!

I'm back and I feel good!

I'm officially down to 1 more student loan and a little thing called my car loan!

I didn't mention this before since the car loan was under my dad's name. I've been giving him $250 a month to pay for it since I started my full-time job in 2009.

WELL, After accompanying my boyfriend to purchase his first car a few months ago (he's been driving hand me downs). He wasn't approved for the preferred rate with the dealership because he's never had a car loan before.

My boyfriend has great credit and savings so he called his credit union and they approved him for a car loan in just a few minutes.

I've been giving my pops money to pay for my car since 2009, I should be getting credit for paying my car! So we transferred the car loan to my name. It's now officially my debt.

Here's my numbers!
Student Loan: $6469 at 5.72%
Car Loan: $6851 at 3.99%
Emergency Fund: $1000
Savings: $5360

I'm very proud of my numbers now! The little savings fund is actually a big pile of money I'm stacking to pay off my car loan in one nice swoop early next year.

Wise Decision: Financial Windfall.

So I made the best of my bodily injury settlement and paid off a student loan!
The rest went straight to savings.

I now have two student loans left.
Student Loan 1: $6556 at 5.69%
Student Loan 2: $1989 at 2.22%

I'm planning on paying off my Student Loan 2 in 5 paychecks! So come October, I will have my last student loan left.

$8545 left! I'm going to finish the rest of this year strong!

Debt Update & Financial Windfall.

I'm back!

Slowly paying down debt, but haven't made any huge strides lately. I'm hoping I'll get back into the groove 8/25/11 paycheck.

I now have a $1000 emergency fund.

My three student loans are at $11038, almost in the 10k range.

I didn't mention this but I was involved in a very bad car accident in late June. Blessed and lucky I came out of it with little injury.

Because the other car was 100% at fault I'm in the process of getting a bodily injury settlement. Extra money is great, but not under these types of circumstances. Just that type of experience stinks!

Planning on putting it straight into savings. And let it sit for awhile.

CREDIT CARD DEBT FREE!

Credit cards are gone! I've managed to pay off more than $4,000 since March.

Now it's my 3 student loans that add up to $11,124 that I'll be working on starting in August.

It feels good.

Almost Consumer Debt Free!

My credit cards will all be paid off as of July 14th! Now the hardest part is to keep balances off of them.

I will be tackling my student loans the rest of the year and saving, saving, saving!

UPDATE: Credit cards are officially done tomorrow! Let someone borrow money and they paid me back earlier!

CREDIT CARD DEBT FREEEEEEEEEEEEEEEEEEEEEEEE!

Re-Think!

Okay I've been paying off my debt so much that it barely leaves me with anything to live off of. It's really uncomfortable for me!

I'm not going to stop my debt repayment plan but I've re-done it. I was planning on paying off Student Loan #3, but instead I've decided to save.


2011 Paychecks: Snowball/Plan
14 7/14/2011 $1,044.00 SAVE IN CHECKING
15 7/28/2011 $1,044.00 SAVE IN ING
16 8/11/2011 $1,044.00 SAVE IN ING


I'm not going to be debt free by the end of the year, because I moved some stuff around. But I really want to beef up my checking and savings account.

I will have one student loan left at the end of the year, I keep telling myself it's okay.

$11k Range!

Hello $11k!

STUDENT LOANS $11,211.00
CC $690.00
TOTAL: $11,901.00

Feels good. Summertime is here and although I'm working 9-5 Monday through Friday, a lot of birthdays, graduations, parties are coming along!

It's leaving my checking account at an uncomfortable level. I guess that's the norm when you're paying off your debt in huge chunks, leaves little room for fun money.

The debt reduction journey continues!