Month 29 Update – Sallie Mae – 28,473.08 NMAC – $16,482.84 Total = 44,955.92

Making progress:

Down to $28,473.08 on Sallie Mae. Last month I was at 29,377.51. I will be under 28k in no time at all. I may not make my target of paying this off before my 33rd birthday, but I am ramping things up quite a bit. Thanks heavily to the budget my bf and a friend helped me put together. I know it’s irony that two people who don’t have blogs about getting out of debt helped me stay on path.

 month29update 

I got a bonus at work this week. I wasn’t expecting much, but including my retirement contribution over it was a couple hundred more than I had otherwise so not complaining. My bf also got his bonus and wrote me a check out for $1000 (415 went toward home repairs) toward my debt pay down efforts / long term savings. He didn’t have to do that and I’m quite appreciative. For September staying on target for the $1k toward Sallie Mae goal I set some months back. Might go over actually. If I paid $452 for the month, then add $500 I was given plus $500 extra I intended to pay anyway.

Month 29  Auto Loan Update - Nissan Motor Acceptance Corporation

Month 29 Auto Loan Update – Nissan Motor Acceptance Corporation

month29autoloan

 

The idea of having debt outside the mortgage until 2019 is quite unsettling. Even though it’s 0%, if I were to lose my job tomorrow I’d still owe that money to NMAC.

Also want to cover my retirement as of now:

$4206 in my 401k
$445 in Roth

$4651 total. 14 months ago I didn’t have a penny in retirement. I differ with Dave Ramsey’s philosophy of not putting any money toward retirement when paying off debt. Especially if you waited until your 30s (or later) like me to start the process going. You can’t turn back the years or offset a company match you might have made. I’m still paying extra toward it.

Earlier this month I had this strong desire to get a fancy road bike saying I work hard and deserve it. The one I wanted was about $500. It was also Labor Day so sales were in full effect. I talked myself out of it after getting the electricity bill in the mail and remembering I already have both a road bike and a mountain bike. I also tend not to ride when it’s above 90 degrees. These numbers need to keep going down, not up…

Advertisements

One thought on “Month 29 Update – Sallie Mae – 28,473.08 NMAC – $16,482.84 Total = 44,955.92

  1. Good job on resisting temptation! I know how hard that can be. And I agree with you – you need to start saving for retirement earlier – if I waited until my student loans were paid off, i would be really far behind. Time does help with saving for retirement. I also keep more than $1000 in an emergency fund. $1000 wouldn’t even cover rent in the city where I live!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s