$60,000 in Debt: Month 12

Tuesday, May 5, 2015

One year! It's hard to believe it's been a year since I really started tracking my debt payoff.  I feels like I've hardly made a dent so having this all written down has been extremely helpful.  I can see clear progress over time and that just continually motivates to me make even more progress.

I was hoping to throw a bunch of money at my loans to celebrate the one year mark, but with a two week trip to Europe and a possible new car purchase coming up in the next few months, I figured it was smart to be conservative.

Not only have I hit the one year mark, but I've also gotten my undergraduate loans under $10k!  Sadly that means I still have 10k to go, but I think that is totally doable over the course of the next year. If I can do that it would mean that I've paid off all undergrad loans in half the time it would have taken if I had paid the minimum and also saved myself around $7,500 in interest.  Yes, $7,500!

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