*huge sigh of relief*
It took me six years to pay off my 10-year college loan from Virginia Tech. *pats myself on the back* In 2007, I started off with $18k in student loans. I believe my interest rate was about 2.5%. At that time, I wanted to pay it off in five years, but six years is pretty good, too. This January I was broke and really sad about it. I needed to figure out a way to get extra cash in my pockets. I decided I needed one less bill to worry about and a new job. Both of which became my goals for 2013. I could either pick my cable bill or my student loan/credit card bill to eliminate from my life. I chose the latter. I can’t be missing Love and Hip Hop. NO MA’AM. I was down to $3,200 debt with my loan and also had $1,300 in credit card debt. I knew this would be obtainable and easier than finding a new job. I wrote out a plan on January 8th to pay off all my debt by August 2013. My plan was to pay off my credit card in March and then I throw $400 at the college loan every month. With that plan and with dedication and the support of my parents, I accomplished this goal on August 15.
How did I do it? First, I got a second job working the front desk at a yoga studio for extra cash, free classes and zen. Then I gave up shopping, getting my hair did, going out with friends, vacationing and pedicures/manicures. It was an absolute struggle. I cried many of nights from being so broke. For eight months, I walked around in the same outfits, the same busted black flats, a raggedy mop on my head and no makeup on. I looked like a walking billboard for depression. I missed out on so many fun activities, vacations with friends and the Beyonce concert. The one thing I could not give up though was fast food and eating out. I still had to get my skinny fat girl on!
The day I paid off my loan I went straight to the mall. It was like walking into heaven. I got my hair did at Carol’s Daughters, bought some new black heels, foundation at mac and 8 pairs of earrings. I think I dropped about $350 at the mall. Then I cried all the way home. I felt so guilty spending all that money, but I realized I needed all those things so now I’m happy with all my purchasing. I will be splurging on myself for all of September then its back to business for me. My birthday is 3 weeks away (September 5th) and I will be going to Miami with my cousins. In October, I’m going to my hometown of Chicago with my boyfriend. My daddy mac bought the fam tickets for my birthday to the Bears vs. Saints (Me vs. my boyfriend) game in Chicago. So excited for all these upcoming events.
With all that said, I’m STILL in debt. *super sad face* I went back into credit card debt and owe my dad for the classes I’m taking at Emory. I need a new job where I’m making more money to afford myself! I will be writing out another plan in October for this new debt. Wish me luck! *sigh*