Payment Day – 6


Guys! Can you believe Christmas is this week?!? I’m still having a hard time wrapping my head around 2016 coming to an end.  This year has been one of the stressful and best years of my life.  I’ve pushed myself in ways I never knew was possible, and now I can’t stop wanting to push myself.  I have been spending a lot of time reflect about 2016 and I have realized that there have been two mottos or “life lessons” that I keep going back to:

  1. If you want something bad enough you will find a way to make it happen; and
  2. Everything always works out in the end, no matter what you going through. Although I have found this applies to almost all my life events and not just regarding paying off debt or money, through this whole process I have learned that paying off debt is more about your mindset, then about money itself. “Those who move forward with a happy spirit will find that things always work out.”

So far in 26 years, both of these things, have without a doubt been true.

I’m trying my hardest to finish the year off strong with my debt payments and so far so good.  This last payment day was my highest student loan payment I’ve ever made totaling $1,500.00!* I always get a little nervous before I hit the “submit payment” because my payment amounts are always a large amount of money.  Sometimes it is hard to watch it disappear into the black hole known as Navient.  But, this last payment though I had no apprehension.  I just clicked the button and went on with my day – I am so ready to end this “chapter” of life.

My new student loan balance is $6,269.24.  In a little less than 2 weeks I will make my final payment for 2016 and, cross your fingers, and toes, and knock on some wood, or whatever you do to bring yourself luck, my new balance amount should be anywhere between the $4K and $3K range. I have a feeling it will be around the $4K range.  I ALSO will pay off my 12th student loan and have one left to go!

Loans Left Amount Owed January 2016

Current Amount Owed

12th Loan



13th Loan $5,040.04


Besides my normal paycheck on the last day of the month, I also will get a bonus check that same day.  The bonus checks are only given on the last day of the year and the amount is never the same or set in stone.  Last year that same bonus allowed me to pay off my car one month earlier than the goal I set for myself.  I don’t think my bonus will be anywhere near that amount this year, because I recently had my three year review and my firm finally added me into their profit sharing program (I also got a slight raise and sweet talked my way into one more week of vacation, and by “sweet” talked I mean I said to my boss “so right now I have one week of vacation…” and before I could finish he said “two weeks it is”).  I am pretty sure my bonus check amount will be less because they allocate some of that money into the profit sharing program.

Whether my new balance is $5K range (if I only get a paycheck and no bonus check), $4K range or $3K range, I will be happy with any of those amounts.  All of them are substantially better than the $30,964.24 I started with in January of this year.

My payoff date still is going to be March 15 (unless those bonus gods bless me and I can move it to February. Who knows, I was shocked at the amount last year.)

Well, that’s all for now.  I hope everyone has an wonderful Christmas!!

Until next time…

Current Progress:  11 loans paid off, debt balance $6,269.24

Count Down Until Debt Freedom: 2 Months, 24 Days

*Yes, that is a LOT of money.  $500.00 more than I normally pay on my SLs.  I worked a few extra days at my side job, got a slight raise at work, back pay for that raise because my review should have been in October, instead of December, and got a little Christmas money.  I’m still kind of amazed that payment amount was so high, because in this time period I also did some Christmas shopping and paid around $250 for my personal property taxes on my car.


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