Wednesday, December 16, 2015

$4,000s and new goal!

Yesterday I made a payment on my student in the amount of $545.  $250 came from the travel voucher reimbursement that I just received, $260 came from my budget and $35 came from leftover money from the last budget period.  That payment dropped the balance owing down to $4,904 (with interest through 12/31)!!

I achieved my newest goal of paying the student loan into the $4,000s by the end of the year.  I also accomplished my new goal of paying $19,000 on the student loan this year.  The total amount paid onto my student loan this year is $19,253.22! I have not done an updated calculation on the interest, but I will do one at the end of the year after I make my final payment for 2015.  It will likely be just over $500 interest. 

I now have a new goal to pay $20,000 to the loan by the end of the year.  I have a $492 payment budgeted out of my last paycheck of the year.  That leaves me $254.78 short of my goal.  I have 15 days to find that extra money!!  Wish me luck!

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