Nothing to see here. To the numbers…
July 1, 2019 – Student Loan Balance(s): -$128,663.26
April 1, 2022 – Student Loan Balance: -$79,347.41
May 3, 2022 – Student Loan Balance: -$77,585.35
Total Payments: $2,000.00
Net Difference: $1,762.06
Yea. A bit of a dud. I am really trying to be grateful for this because there was a time when $2,000.00 was a significant stretch. However, coming after my massive March payoff, it feels particularly pathetic. I spent most of April out of state (which is why this update is getting up late), hanging out with my best friend. April felt more spendy than it actually was because I had savings set aside for my travel. This meant I avoided the post-travel financial hangover and my May 1st payment put me back on track to meet my 2022 financial goals.
I am headed home today and I expect a return to disciplined spending this month. In fact, I am really hoping a bit of frugality in May sees my student loan balance dip below $70,000.00 after my June 1st debt payment. Fingers crossed.
Ms. Afro Penny 
Hope you had a great time traveling!
I sense the lack of enthusiasm with “only” making a $2k payment this month. But, I don’t know if you truly realized how far you’ve come. Now a $2k payment is just the norm for you. That’s crazy awesome especially by most people’s standards so give yourself more credit!
Am I reading this right? Are you planning to make $7k+ contribution in June??
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Awe, thanks Avery, and no! I wish! I think it’s confusing because my 1st of the monthly debt updates reflect debt that was actually paid off the previous month. Let me try to be clearer…while I have both the full-time and part-time income (through June 30th), I should be able to pay off $4K each month if I am really frugal. March had unplanned spending so my April 1st payment sucked (because I had to pay off credit card balances for which I had not budgeted). April was better than March so the payment I made on May 1st is much closer to $4K. I am buckling down for May so June 1st should also reflect a $4K payment. Thus, between my May 1st payment (which is reflected in my update on June 1st) and my June 1st payment, I should make it under $70K. Does that make sense?
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Ah, that makes more sense! I think my brain was just dead this week haha. That is still super impressive that you’re doing $4k months!
Can’t wait to celebrate hitting $70k!
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Well, it’s not every month you get a giant vacation leave payout! I definitely wasn’t expecting you to match last month’s payment… maybe ever. (But it sounds like you think you might be able to?)
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You’re absolutely right! I won’t be able to match that but between my full-time and part-time income, if I am frugal, I should be able to do about twice what I did in April. May and June should see a return to that more aggressive repayment before my part-time job ends in June.
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