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Progress on January debt goal & big-picture goal

January 15th, 2013 at 06:07 pm

NT's tuition balance for the spring semester posted to his student page in December, but we've been waiting for the student loan we took out to hit the account, so I could see exactly how much we owed in cash. Well, it finally hit today; we took out a $2723 loan and I paid $1254 to cover the rest of the semester.

I took both amounts out of "estimated future debt"; of course the loan added to actual debt, but the tuition paid is just future debt gone. So that's $1254 more to our January debt goal and to our big-picture goal.

$1994 down, $191 to go on the January debt goal. We might actually miss that by a bit, unless I decide to pay extra on some loan. We'll see.

$2067.35 down, $161.65 to go on the January portion of our big-picture goal. That one we'll almost certainly hit, maybe even exceed if one of AS's freelance checks comes in this month.

With taking this semester's loan and tuition out of "estimated future debt," that brings that category down to just $2829. That means the $40,000 I estimated for NT's college degree is almost gone, with a year and a half of classes still to go. That's OK, I'm confident we can stop borrowing and start cashflowing once that money is used up. And, my debt numbers will be less confusing to outside observers once I get rid of this shadowy "future debt" category. Wink

2 Responses to “Progress on January debt goal & big-picture goal”

  1. Looking Forward Says:
    1358316785

    What is his degree for again (if you've ever said)?

  2. ceejay74 Says:
    1358349305

    He's going for his bachelor degree, which he never got when he was younger (started working right after high school and just kept working). He's majoring in geography with possibly a minor or double major in gender studies.

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