To the numbers!

Account	Debt	Min. Payment	Interest Rate
Private Student Loan 1	$0.00	$110.46	0.000%
Private Student Loan 3	-$11,355.00	$153.82	6.650%
Private Student Loan 4	-$10,215.87	$245.40	3.750%
Private Student Loan 2	-$7,298.74	$93.30	5.150%
Federal Student Loan 1	-$21,440.37	$0.00	6.800%
Federal Student Loan 2	-$13,946.84	$0.00	5.310%
Federal Student Loan 3	-$11,184.47	$0.00	6.800%
Federal Student Loan 4	-$7,748.09	$0.00	4.450%
Federal Student Loan 5	-$5,561.12	$0.00	4.450%
Federal Student Loan 6	-$3,147.30	$0.00	5.600%
Federal Student Loan 7	-$2,863.10	$0.00	4.660%
Federal Student Loan 8	-$2,457.12	$0.00	6.800%
Federal Student Loan 9	-$2,307.18	$0.00	6.800%
Federal Student Loan 10	-$2,003.02	$0.00	5.600%
Federal Student Loan 11	-$1,639.01	$0.00	6.800%
Federal Student Loan 12	-$1,144.25	$0.00	5.600%
University Student Loan 1	-$4,105.61	$60.41	8.000%
University Student Loan 2	-$3,191.76	$42.43	5.000%
University Student Loan 3	-$646.37	$30.00	8.000%
University Student Loan 4	-$452.24	$30.00	8.000%
Total	-$112,707.46	$765.82

November 2020 – Student Loan Balance(s): -$113,191.59

December 2020 – Student Loan Balance(s): -$112,707.46

Difference: $484.13

Okay, that exclamation point might have been a bit misleading and suggested that the numbers would be more exciting than they are. There isn’t really much to see here beyond the slow roll over from -$113,XXX.XX to -$112,XXX.XX. But that changes this week, because…

I reached my three (3) month emergency fund goal of $5,000.00!

While it doesn’t really compare to the elation of paying off a debt, it does feel pretty good. This is actually the most money I have ever had set aside, as an adult, that wasn’t earmarked for some future purpose.

I am beyond thrilled to return to aggressive debt repayment this Friday. Lately, I have been tired (and sick) and shuffling off to my part time job each evening has required a lot of discipline. There were definitely moments where I wondered, “Why am I doing this?” I think it will be much easier to stay motivated now that I know, every two weeks, I will be able to throw a bit more cash at my balance and begin to see it meaningfully decrease.

On Friday, I will share the results of the poll where I asked the pennyfolk (it’s how I refer to you all in conversations with myself) which student loan I should payoff next, and I will make my first non-minimum debt payment in three months!