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On October 31st, I paid off the last of my credit card debt! It had started out as around $5,000 of debt on a Visa that I had racked up over one summer when I had gotten divorced and had no job, and no stuff. In addition to the Visa, I also bought roughly $5,000 worth of furniture over two years. (The furniture I did pay off relatively quickly because it was one of those "no interest until _____" things, and drat right I wasn't going to pay interest.) Anyway, I'd make some progress, slip up, take a trip to Europe... or two... I finally got serious about paying it off about a year ago, when I had roughly $3,000 left to go. First, I hid the credit card from myself (I actually have no idea where it is... but it's somewhere in my apartment.) Paid $250 a month, and whenever I ended the month with extra money in my account - paid that on it as well. I am a salaried employee, so I occasionally will earn extra money from hourly activities, and any time I did, that went on the card as well. It's a huge relief as that's the last of the debt I had. I do have student loans out, but I'm currently in a Forbearance until June when I will qualify for loan forgiveness and they will be gone! Unfortunately, my car is rather old and starting to putter out, so now I'm saving as much as I can as quickly as I can so I can get a newer rig hopefully over the summer. I'm also a huge fan of mint.com and the Mint app. It really forced me to look at how I spent my money each month.
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Nov 17, 2012 07:30
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| # ¿ May 7, 2024 08:36 |
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Teacher Loan Forgiveness Application: Approved Amount Forgiven: $10,500 % of Loan Forgiven: 100% YES! YES! YES! Completely debt free. 
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Aug 20, 2013 14:51
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dreesemonkey posted:That's great. Do you get taxed on the forgiven amount? Nope!
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Aug 25, 2013 18:01
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Finally have a month's worth of expenses saved for a rainy day... two more to go! Plus my retirement account finally went over $20k!
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Nov 26, 2013 05:02
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Officially 5 months ahead on car payments! Woo. 38 more months to go.  Though that still puts me at 46 total payments instead of 63 if I stay on track. Not bad I guess! I will make a couple larger payments so it will be closer to 40 payments, hopefully.
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May 1, 2014 20:40
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Gonna hit $25k in retirement funds this week!  I'm just about to turn 28, so I don't know if that's a good amount or not, but I'm pretty stoked. I started putting in retirement in 2008/2009 when the poo poo was going down so it took awhile to recover. Yay me!
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May 27, 2014 04:43
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Nocheez posted:According to this website http://www.businessweek.com/articles/2012-12-20/the-financial-planning-flowchart you should have half your yearly salary saved by the time you are 30. Depending on how much you make, you're probably pretty close. I definitely have over half my yearly salary. Score! I am a poor teacher, so my salary isn't great, but the benefits certainly are. Plus, pension eventually! I put 10% gross into my 401(a) and then stick an extra $100 into a Roth IRA. Which puts me right around 13%.
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May 27, 2014 13:56
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Wow, it's hard to believe I've been working for over a decade at my current company.
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Under 15k left on the car! July's payment will officially put me six months ahead, which was the goal for the end of the year. So, that's good. I guess. Stupid car! spinst fucked around with this message at 14:45 on Jun 2, 2014 |
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Jun 2, 2014 14:43
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My first full month of using YNAB was October 2013. So, one full year later my net worth has gone up $20k. Yay!
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Oct 23, 2014 14:24
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5k emergency fund is complete!  Now to save 6k for my last year of grad school! Only 5.9k to go!  Nana has offered to pay for it, but she is also known to change her mind, so… I guess if she doesn't pay for it, I can use it towards my car loan!
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Jan 17, 2015 21:04
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Congrats! When the loans for my BA were forgiven, I think I literally screamed. I am patiently waiting for my second disbursement of loans. I have my Teacher Loan Forgiveness paperwork ready and scanned to upload to Navient's site. Won't even have to make a payment. Aw yeah.
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Feb 16, 2015 18:58
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Under 10k on the car loan to go! Ugh.
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Apr 1, 2015 01:11
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Way to go! All those little things add up.
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Apr 12, 2015 17:47
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When I get paid tonight/tomorrow, my net worth will hit 50k! 
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Apr 29, 2015 14:48
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Accepted a new position within my school district for the fall. 13% raise via a stipend. My previous position had a 4% stipend, so I guess it's only a net 9% raise. But still!
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Jul 5, 2016 15:44
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Finishing my Masters degree this week. Without taking on any debt! *flex emoji*
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Aug 14, 2016 18:39
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TNO posted:After sitting in limbo for what felt like forever, I finally got a start date for my new job. It'll be so nice to have a steady paycheck again, and escaping the midwest is just an added bonus. Congrats on the new gig! Hope you love it. I sent in my final car payment this morning! Paid it off 2 years early and am now debt free. Frees up $400 or so a month. Stoked.
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Nov 30, 2016 16:01
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EAT FASTER!!!!!! posted:Congratulations on getting rid of that payment! Now to buy a new car, right? I hope not! My car is in great shape for being 7 years old. Only has 63k miles! I'm driving this puppy for a long time, I hope. (Though I am putting ~200 bucks away a month for repairs/eventual new car.)
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Dec 3, 2016 18:35
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Hell yes - way to go!
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Jan 1, 2017 19:30
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Awesome! That is the best feeling ever.
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May 14, 2017 21:18
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4 years of budgeting: Thanks, BFC and YNAB! I've been able to: Pay off my car loan 2 years early Pay for grad school in cash Pay for extra grad-level courses for a new certification in cash, which will give me a new career option Begin saving for a house Move 3 times (ugh) without breaking the bank Start a Roth IRA (while funding my other retirement account with 10% gross) ...and I might even hit 100k net worth by the end of the year!
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Oct 21, 2017 17:50
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BAE OF PIGS posted:November was a three paycheck month, so I had a bit of extra money this month. I've also had a bit of a cushion built up from being frugal and sticking to my budget. I'm hoping in a few months I'll be able to post in here again to say I'm student loan debt free. Get at it! You're almost there.
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Jan 2, 2018 01:03
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That's a good lookin' graph!
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Mar 19, 2018 00:52
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| # ¿ May 7, 2024 08:36 |
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 Just over 8 years of readin' BFC and usin' YNAB.  also lol at home ownership
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Dec 18, 2021 17:24
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