Author Topic: Student Loan Challenge (2019 Edition)  (Read 23461 times)

TyGuy

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Re: Student Loan Challenge (2019 Edition)
« Reply #200 on: December 22, 2019, 01:06:06 PM »
Student Loan Debt:

01/12/19: $43,762.76
02/01/19: $42,561.06 (-$1,201.70)
03/04/19: $41,418.69 (-$1,139.41)
07/05/19: $37,901.63 (-$3,517.06)
08/10/19: $36,673.79 (-$1,227.84)
09/01/19: $35,289.89 (-$1,383.90)
10/02/19: $33,624.85 (-$1,665.04)
11/04/19: $31,707.48 (-$1,917.37)
12/08/19: $30,043.85 (-$1,663.63)

Looking forward to starting 2020 with less than 30k of student loan debt! Nice job everyone, its been a good year with you all!

Nice dude, killin it. Thirteen Gs in one year.

Thank you! As of yesterday my net worth became positive, I'm very excited for 2020!

TyGuy

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  • Age: 29
  • Location: Oregon
Re: Student Loan Challenge (2019 Edition)
« Reply #201 on: December 22, 2019, 01:24:37 PM »
In agar anticipation of the new year, I have started a new thread for 2020. I'm excited to see the progress everyone makes in the new year, as many of you have are now rolling the snowball downhill! Have a great end of the year and let's make 2020 another great year together :)


2020 Edition Thread: https://forum.mrmoneymustache.com/throw-down-the-gauntlet/student-loan-challenge-(2020-edition)/

appleseed

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Re: Student Loan Challenge (2019 Edition)
« Reply #202 on: December 31, 2019, 01:54:32 PM »
I'll pop over to post our numbers for the 2020 thread in a minute, but I wanted to say thank you to all the people in 2019 that finished paying off their loans and posted here! Appreciate following your progress, and it definitely helped to encourage and motivate me. We're just over $3k left, and I'm still planning an April 1st payoff date.

Happy New Year!

Sent from my moto x4 using Tapatalk


Civex

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Re: Student Loan Challenge (2019 Edition)
« Reply #203 on: December 31, 2019, 07:01:33 PM »
Another year still in the student loan challenge. Great people, but this is my least favorite club. Copying from the 2018 thread, missed the 2017, and I think I was in the 2016 (or was it 2015?) thread.


Original balance-$90,400 @ 5.01 7/2014
End of January '18 balance-$64,481
End of June '18 balance-$55,411
Dec. 2018-$47,258 ($1250 payment)
March 2019-$44,088.31 ($1250 payment)

April 2019-$42,038 ($1250 auto payment and $1k extra towards principle)

May 2019-$40356 ($1250 auto payment and ~$600 extra)

June 2019-$38250 ($1250 auto payment and $1k extra)

July 2019-$36931 ($1250 auto payment and $100 "extra" in checking thrown towards principle
-hoping to throw an extra $300-500 yet this month at it; picking up an extra shifts and my daycare costs are *finally* going down!

Missed a month

August 2019$1250 regular payment + $480 "extra"
September 2019: $34,264-$1250 regular payment
Targeting sub $30k by 2020 ($1422 in principal/month or roughly $1600 gross/month for the rest of the year.)

October 2019 *kicking ass thus far!* $32,118
Refinanced from 5.09% to 3.95% and should be getting a $300 bonus.
-Regular payment: $1250
-Extra $1k from vehicle sale

On target for sub $30k this year!
November-$29994!
--Autopayment of $1250 + $750 extra

December 2019-$28208
--$1250 auto payment+$736 extra

Hit the 401k max on the first paycheck in December and had a larger than anticipated paycheck...extra+ bit left over from the Christmas budget tossed at the loans. Very happy with the progress, paid off my auto loan at the beginning of the year and our daycare costs decreased, so even with other random expenses progress has been made. Potential for a 2020 payoff, but I'm targeting May 2021.

haypug16

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Re: Student Loan Challenge (2019 Edition)
« Reply #204 on: December 31, 2019, 08:15:21 PM »
December Update:
January 1st 2019 - $46,919.36
January 31st 2019 - $46,137.25
February 27th 2019 - $45,339.55
March 31st 2019 - $44,518.99
April 30th 2019 - $43,796.91
May 31st 2019 - $43,016.23
June 30th 2019 - $42,187.55
July 31st 2019 - $41,380.14
Augsut 31st 2019 - $40,605.86
September 30th 2019 - $39,829.16
October 31st 2019 - $38,997.33
November 30th 2019 - $38,189.50
December 31st 2019 - $37,378.80

Total paid off in 2019 $9,540.56


2020 I hope to knock a few of the very small (~$2k) loans along with paying down the min on the others.