AS's two student loans hit: $124 & $61 to principal, bringing us to $2886 of debt paid this month. Well above the $2500 goal.
I'm struggling to set my March repayment goal because I've got a couple of different concerns; not knowing how much we owe for taxes, not knowing exactly how much we need to finish preparing for baby, and suddenly seriously considering getting a car later this year. (I've been thinking about it off and on for the past month or two, but I haven't written anything because the reality hadn't really sunk in. Now it's hitting me and I'm not sure how much I should be putting to student loans vs. saving up for these unknowns.)
Since AS got a big freelance gig ($1475) that will probably pay out in March or April, and since we do have until April to pay our taxes, I'm going to still shoot for $1000 more than our minimum debt repayment for March. I really want to get student loan debt under $40,000 this year, and I haven't given up on that goal quite yet. We'll see how I feel when it comes time to set my April goal.
So the March goal is to pay off $1998 of debt.
More on the car dilemma shortly.
More progress on debt repayment; Feb. results; March goal
February 29th, 2012 at 06:10 pm