I paid off the entire balance of a loan today! It’s such a wonderful feeling! Yesterday I got my paycheck from my nonprofit job, went to the bank to deposit it, came home and scheduled the payment for today. It was exhilarating!
(Did I just describe paying a loan as exhilarating? I have gotten so lame.) I can’t express how great it feels to be down two total loans in just three months. I have made a lot of sacrifices to be able to do that but now the balance is dropping like lead. I am so much closer to debt freedom than I was even yesterday and certainly so much closer than I was at the beginning of 2014!
I’ll let you in on a little secret- January 2014 I had to take a deferment on my loans. I was barely employed (only catering and only catering about 3x a MONTH) and I simply couldn’t pay my loans. I was fortunate enough to receive a 6 month deferment for my four Sallie Mae loans and I spent those six months lining up other jobs, adjusting my lifestyle, saving money and making payments on my privately held loan.
And here I sit today, with two of those Sallie Mae loans completely paid off. It’s been an incredible turn-around. I’m really fortunate to have been able to refocus myself and my work situation to be able to make serious headway in a short time. Even though I have to work four jobs for less than 23K a year, I am accomplishing my goals. I’m not sure what next year will bring but I know that it would have to be both hell and high water to keep me from eliminating all my debt.