There it is, Graduation in May, and also the reality that this masters degree cost me 15,000 and did not allow me to work for over a year.
As im making plans for my life, and my partners, i really need this debt to be cleared. I admit also that i lived well, and didnt exactly spare expenses. I could have been wiser about this money that was not mine. The masters was so hard and time consuming, it felt like prison, and when i did get a chance to go to dinner, or buy something, i sure did. I deserved it, but now i have to pay for it!
What a bummer of a reality. Its so shameful to me to have loans, at least without a clear plan and deadline to pay them back! I need to get on that… 2 months ago
How I did it: I had 3 separate loans - consolidated student loans from my undergraduate degree, consolidated student loans from my master's degree, and my car loan. For the life of these loans, I had been paying the minimum payment, and never missed a payment.
I lived frugally and avoided taking out new debt, while also saving as much as I could. I first paid off my credit card debt, as it had 19.99% APR interest.
I then paid off my loans - one at a time - in their entirety as soon as I had the money to do so. I paid them of in order of highest interest rate. Read how I did it… 21 months ago
just did a prelim budget… if i can stick to it, i think things will be pretty good.
once i get loans out of the way, i can save up for big things! (=
excited22 months ago
Yesterday I took a big step and paid of the remainder of my undergraduate student loan in it’s entirety. I graduated 11 years ago, so it was time to go, and I felt like I was paying too much in interest. I’m still working on my car loan and graduate school student loan, but at least on is down. 22 months ago
I just mailed a check to pay off the the remainder of my credit card balance. I’m trying to be really frugal now. Am I too optimistic to want to be completely debt free by the end of 2011? 23 months ago