Let’s Throw Some Money at Our Problems: June 2015 Check-in

It’s time to check in on our debt payments and savings goals again. If you’re joining us for the first time, you can read about our decision to publicly keep track of our debt here.

Pull up those balances!

It’s often hard to coordinate with Logan at the end of the month for this feature, so Nicole’s volunteered to track her debt payments here.

Nicole

At the beginning of 2015, my parents gave me a no-interest loan to use against my credit card debt because they wanted to help me pay down my debt without accruing credit card interest. The original loan amount was $14,000, and it’s my goal to have it paid off before Summer 2016.

May 2015 Balance: $11,600
June 2015 Balance: $10,800

Mike

I’m paying off a private graduate student loan currently serviced by Discover. The interest rate on this loan is 2 percent, and the minimum monthly payment is $147. The original balance on this loan was $22,377.

May 2015 Balance: $11,891.01
June 2015 Balance: $11,643.46

I also paid off a small ACS student loan this month!

 

If you pay off one of your debts or reach a savings goal, email me your address!

 

See previous months here.

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