I love a good debt payoff story as you all know. Melanie reached off to me personally recently and asked if she could share exactly how she paid down her debt. Below is her tale, enjoy!
Hi, I’m Melanie! I’m a CPA by time, and individual finance writer at Melanie De Jong we Blog when the sun goes down! I’m 24 years of age, and I also live with my hubby and baby that is beautiful in Northwest Iowa. My spouce and I paid down $20,000 of education loan financial obligation fresh away from college while residing on just one single earnings for 5 of the full months AND investing in section of a wedding and a vacation (with no, we don’t make a king’s ransom ). Our financial obligation payoff tale has influenced us to assist and encourage other people to be economically free! Listed here is our tale.
Once the confetti stopped, the champagne was done being popped, and I settled into my brand new task and brand new house post-college graduation, the very last thing i needed to consider ended up being exactly how on earth I happened to be likely to spend my student loans off.
For three and a years that are half we finalized my title in the dotted lines without also once you understand the things I ended up being getting myself into. For three and a half years, I seldom glanced within my education loan statements and seriously had no concept just exactly just what the total amount had been and the things I would owe after college.
That most changed one night over xmas break my senior 12 months, once I decided i will most likely sit back and figure a plan out. [Read more…] about The way we paid down $20, 000 of scholar Loan Debt in one year at 23 yrs old