click here to catch up on the rest of the series
Upon realizing it’s been exactly a year since my last update (oops!), I figured it was time for a little catch up!
As of right now, we have $10,944.54 to pay back in student loans and $11,600 on the car loan.
Over the last twelve months we’ve continued to chip away at the debt.
Sure, a few expenses popped up that set us back a little: dental surgery, passport/supplies for my trip to Europe with my mom, travel & gifts for weddings, etc.
But, for the most part we’ve been able handle whatever comes along thanks to saving / budgeting for both planned and unexpected events.
Paying off debt definitely takes time, but if you keep on it and stay committed – you’ll eventually reach the finish line!
In case you need more motivation (besides how accomplished and free you’ll feel when you see $0!), I find it helpful to follow other people’s pay-off journeys.
A few of my favorites are:
- Newlyweds on a Budget
“We may not have a lot, but at least we have each other.”
They paid off $45K in 45 months…and just bought a house! This blog is chock-full of great info/advice and the comment section is always ripe with insightful discussion.
- Clueless with Cash
“Just a girl trying to break up with her debt and become a little less clueless.”
Real talk from someone who’s riding the roller coaster that is trying to have a life while tackling student loans and credit card debt!
- Kitty & Kevin
“Two 20-somethings struggling with mountains of student loan debt.”
No joke – mountains! They’ve been diligently working to pay down $100K… and they only have $20K left now!
- Monica on Money
“Saving, Budgeting, and Frugal Living.”
Monica’s paid off her mortgage in 5 years, is paying for her Master’s degree with cash, and living frugally in Florida.
So, while it may seem impossible at times, you can get out of a difficult financial situation.
And once you’ve made it, you can start setting new goals to make sure you’re comfortable for the future!