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Debt & big-picture progress (more than I'd expected)

March 5th, 2013 at 03:23 am

The $600 from AS's last freelance check hit NT's student loan account. I checked the balance and it was $611 less than the last time I checked. Uh, what? I can't really think of a reason, since the last payment, all but $4 went to principal. Some weirdness with interest, I suppose; they show accumulated interest in the principal balance I believe (but am not 100% sure).

I'm happy with how fast payments hit Sallie Mae, and ecstatic about being able to choose the higher-interest portions of the loan to target first. But I'll be so glad to see the end of this confusing loan.

But anyway, I checked my math twice, and the balance is showing as $611 less, so I'm counting that.

That takes us to $1661 down, $5109 to go on the March debt goal, and to $5850.89 in big-picture goal progress. $836.11 away from hitting the March benchmark for that.

The big-picture benchmark we'll easily meet after the 3/15 paycheck, because I have a $1000+ payment scheduled to go out then. The March debt goal I'll only hit if AS's tax refund goes through without a hitch. None of us has ever had such a large one, so I'm finding it hard to be confident it will go through, even though I calculated it both manually and used TaxACT, so I'm certain the numbers are right. I check the "where's my refund?" site every day, and it always says it's being processed, not approved. It has only been a week though. Wink

2 Responses to “Debt & big-picture progress (more than I'd expected)”

  1. creditcardfree Says:
    1362453983

    I've had refunds in the past that have been that large. They would only get held up if there is some sort of red flag/audit trigger, which I doubt will happen. I bet you have it this week! Smile

  2. LuckyRobin Says:
    1362466108

    Wow, you are doing so well on the student loan paydown.

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