Fifty percent! Fiddy, folks! Half my student loan debt = gone for good.
That’s 50% of the $47,554 I was carrying when I started this blog.
That’s 50% of the balance wiped away in six months.
As of today, I’ve paid off $23,797.
New balance = $23,757!!!
I couldn’t have done it without you, dear blogosphere readers and friends.
I did a lot of juggling this time, so it’s not as easy to see where the money came from. I’m generalizing a little, but you get the idea. Here’s where the cash came from.
NOLA Grant Money – $913
I had $1,000 to go to NOLA in early April. I had to pay for everything up front, and then fill out an expense report when I returned. When I sifted through my receipts, I found that I’d only spent $913 – on things for which I could be reimbursed. That included my airfare, conference registration fee, one night in a hotel, and all meals. I am so grateful for that trip. I got to reconnect with friends, walk a gorgeous city, work on an essay I’d been neglecting, and recharge my life.
Primary Contract Job – $1,800
I love this job. Without it, I wouldn’t be able to make the progress I’m making. I also never question the point of what I do there. It’s a job that makes sense to me. I feel as if they value their employees, which is a real treat.
Other Contract Job – $712
I usually make $800 a month from this gig. This was my last payment until it starts up again in late August. In all truthfulness, I raided this payment to pay for the hotel room for my upcoming grant-funded conference. I took the money out of my emergency fund and I’ll put it back when I get my reimbursement check from the grant. Still, this is where the money for the original May payment was coming from.
I’m so glad that I went ahead and finagled my money in order to make this payment. It’s so empowering. Sometimes, I worry that I’m not spending my money “wisely” by spending it on this debt repayment. Lately, I’ve been thinking about the progress I could make this summer, and I think a lot about other things I could do with that cash. But, when I see progress like this and think that I could wipe out this debt by the end of the year…it makes me want to push on. I mean, I’m already halfway there.