In keeping with my vision for this series, here is another real-time update. I challenged myself to share this journey in real time because it’s easier to talk about success after the journey is over. It is often more difficult to talk about a journey as it is happening. Commence the update.
This month I was able to pay down another $2,700 of the student loan debt. Being the last day of September, I am planning at least another $80 from unused line items to pay down the debt.
Total Balance: $18, 692.36
October starts a new Fiscal Year. This is only significant in mentioning because my military orders are approved but not processed yet. By my orders not being processed I am in a position that my first paycheck will be delayed. I anticipate by mid-October I will have both pay checks deposited and I can resume my debt repayment as usual.
I do anticipate starting to pay $3,000/month starting in October, however, my current October budget is set at $2,900. The leftover line items will most likely bring the repayment amount to $3,000. Not too worried.
Not mentioned in a previous post, I dabbled in single stocks for a short time during the height of the pandemic. This is relevant because I am hoping a certain price point occurs so I can sell and use that money toward the debt. By the way, I do not recommend dabbling in single stocks just for fun during a pandemic. Stay tuned!
By the time we complete October I should be down to a student loan balance of about $15,700. Getting close to beating this thing! For those counting at home, I’ve paid off more than $11,000 since May. Praise the Lord for providing and helping me accomplish this feat. See ya next time.
Be strong. Love God. Love others.
Keep it up. The end is in sight and your readers are cheering you on.
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