Hi everyone, glad you’re here. If you’re new, I update with my financial progress at the end of every month to. I track the amount of debt that I have and how much I paid over the course of the month. I’ve also started a to add progress on my health related goals for the year.
After the post about switching my focus, there’s not really much more going on here than making regular payments and tossing a bit of extra cash at it when I can. Even though I’m not out of debt yet, as I mentioned earlier this year, all my friends decided that this year was the time they were going to get married. I’d been to 2 weddings in my LIFE before this year – and I’m going to 4 between now and Halloween. I don’t know what’s gotten into them (Just kidding, I’m happy for all of them).
I started out with student loans from 3 companies, but now I only have 2 – I paid one off last year. My current target is the federal loan, and I’m hoping to have that paid off by the end of the first quarter of 2011.
Direct Loan $2,461 ($365) – This loan is like steve urkel, it just will notgo away. I’ve had it with it’s games though, and ill on a mission in may to eat everything in the pantry (and the freezer) in an attempt to save some dough at the grocery store. This is reminding me a lot of the credit card ups and downs I had. I was able to pay them off, but about 4 months later than I estimated. Not a big deal though, they are gone either way! This has another payment coming soon.
Great Lakes Loan $11,999 ($83) Just sent my regular minimum payment to this loan. This loan is finally under $12,000! Even though that’s still a lot of money, I’m pretty excited about passing this small milestone – it felt like it was stuck in the 12?s for-ev-er.
This is for my vehicle. I had already started trying to become debt free when I bought this, so I was quite torn as to wether or not to take on new debt while I was trying to eliminate other debt. If you want to read more about it, check here, here and here. Tough decision, but it was in-line with my future goals, and I think I still made the right choice.
Ford Credit: $16,533 ($294): Just made the regular monthly payment on this loan this month. This one I’m going to try to pay off by the end of the year (though it doesnt look likely). The truck hardly ever gets used now, so it mostly just sits in the drive and takes me to the gym every morning – though I’m thinking of biking to the gym (It’s only 4 miles) when it warms up. I was planning on biking to the gym this month, but there were more mornings than not that snow (!) was on the ground when I left.
I’ve also decided to track my health goals for the year. My goal was to go to the gym a 4 days per week. Now that I’ve worked in town for a full month, I’m absolutely killing this. I go 5-6 days per week before work in the morning and it’s awesome!
Week of May 1 27: 5 Days
Week of May 8: 6 Days
Week of May 15: 5 Days
Week of May 22: 2 Days
Goal Visits: 20
Total Visits: 18
I changed my goal visits to the gym from 4 days per week to 5. The four was just getting too easy, and allowed me for an easy out when I didnt feel like going. Now that I know I need to get 5 per week, it should get me back to where I want to be. Plus, I’ve got a doing my first triathlon in july, and I don’t want to be out of shape for it! Unfortunately, I didnt quite make this, but oh well, I’ll still shoot for 20 next month – I know it’s do-able.