Well, Friday I paid off the last balance of my student loan debt (at the expense of my poor checking account).
I started my "career" job and my second suppliment job at the same time just over a year and a half ago. The second job's sole goal was to help save money and also pay down my student loans.
I paid off just about $16,000 in 19 months while still managing to save 15% for retirement and put away extra money into savings each month. I'm 25 years old and feel so much better knowing that the second largest chunk of debt I have is gone forever.
Here I sit, with about $5,000 in checking/savings, my car as my only debt (which is the next thing to tackle), $12,000 in retirement and the ability to put away even more each month now as I'm keeping the second job to help maintain the extra income for savings as I want to purchase a home in the next 4-5 years. Must say, pretty happy/lucky to be where I'm at but it didn't come without hard work...I have to credit this forum as being a part of the motivation among other sources, but a big thanks to all the contributors here.
I started my "career" job and my second suppliment job at the same time just over a year and a half ago. The second job's sole goal was to help save money and also pay down my student loans.
I paid off just about $16,000 in 19 months while still managing to save 15% for retirement and put away extra money into savings each month. I'm 25 years old and feel so much better knowing that the second largest chunk of debt I have is gone forever.
Here I sit, with about $5,000 in checking/savings, my car as my only debt (which is the next thing to tackle), $12,000 in retirement and the ability to put away even more each month now as I'm keeping the second job to help maintain the extra income for savings as I want to purchase a home in the next 4-5 years. Must say, pretty happy/lucky to be where I'm at but it didn't come without hard work...I have to credit this forum as being a part of the motivation among other sources, but a big thanks to all the contributors here.
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