It seems like the American experiment in democracy is crumbling, inflation is wild, and I don’t think I can vote myself out of being systemically stripped of rights but financially, I’m in a decent place. A better place than I have been in a long, long time. In fact, after my August 1st payment, I will have less debt than I did when I left college 14 years ago…
Last year, I decided that my anniversary posts would be a permutation between a mid-year check-in and an end-of-year evaluation of my blogging goals. For the most part, I’ve decided to stick with that plan but first, to the numbers…
Student Loan Debt Journey
Blog Start – July 4, 2019: -$133,259.74
1st Blogiversary – July 4, 2020: -$119,119.98
2nd Blogiversary – July 4, 2021: -$101,626.31
3rd Blogiversary – July 4, 2022: -$67,017.92
Well…damn. So a bit of a spolier for the August 1st student loan balance update but kinda worth it for the reflection. The me that started this blog on July 4, 2019, could only have dreamed that in three years I would be where I am with my student loan debt. While I knew what it would take to get it done I had no real plan and was only guided by faith in myself to work hard. Obviously, it took a lot more than just working but…I’m here. $66,241.82 less indebted. Even though some of though five thousand of that was auto debt that I paid off (and then added to), it’s still debt I paid. In three years I have paid off a NET $66,241.82 in debt. I know I am supposed to look at that number with a twinge of guilt and a wish that I had been able to put it towards something else but at the moment I’m just grateful.
Next up, a mid-year check-in on my 2022 REVISED Financial Goals:
1) Earn the $2,000.00 match from Organization C. – In Progress. At the beginning of the year, I made the correct election and this is happening. This would generally not be a financial goal but I ended up having to address it after being so disappointed by the employer match.
2) Save $1,000.00 as a non-emergency fund sinking fund. – Completed. I was able to complete this using income I earned while working at an academic camp part-time for two weeks in June. The sinking fund actually has several thousand dollars in it at the moment that is waiting to be allocated towards something. I keep going back and forth about what that something is. Hopefully, I’ll make up my mind soon.
3) Make it below $60,000.00 in student loan debt. – Likely. The betting odds on this one in Vegas would be pretty high. While this goal seemed outrageous at the beginning of the year when I didn’t know what was going to happen with University B, months later, it seems all but inevitable. August will be the last month where I will have any residual income from University B. However, even if I only make payments of $2,000.00 for the remainder of the year (which is the payment I can comfortably make using only my full-time income) then I should still make it below $60,000.00 in student loan debt in early December. It feels weird to be so matter-of-fact about this…
Finally, my Third Year Blog Goals:
1) Blog at least twice a month. – Passed! While the summer has marked an appreciable slow down in posts, for a while there, I was blogging quite a bit a month.
2) Vlog at least once a month. – Fail! I could have achieved this. I have the content and the tools. I just keep going back and forth about how much of myself I want to put out on the interwebs. Because once it’s out there, you can’t take it back.
I’m going to skip making blogging goals for the upcoming year. I plan to focus on using my blog as a journal to work through more of my personal life. It feels like I always wait to come here until after I have “figured it out,” but I think blogging about things, especially the bigger things, could be beneficial.
FINALLY, a HUGE THANK YOU to anyone who takes time to read my blog, and especially those of you who comment. I sound like a broken record at this point but I am endlessly grateful for your support throughout this journey. Thank you.