Mid-Year Review: Student Loan Progress

Half of 2018 is behind us. I thought this would be a great time to let you know where I am in regards to the goals I set for myself this year. As you may recall, my main goal for 2018 is to pay off my student loan debt. This debt has been the bane of my existence for far too long. I’m eager to part ways with it, kick it out, never to be seen or heard from again.

I’m thrilled to report that I’ve made great strides. In the past six months alone, I’ve reduced my debt by a little over $15,000. As of June 30th, my current balance stands at just over $29K. This means that I’ve paid slightly over 50% of my August 2017 starting balance, 51.6% to be exact.

As I evaluate where I am on my debt-free journey, it doesn’t look like I’ll pay this off by the end of the year. This plan was based on me increasing my income, but I have yet to do so. I’m still at the same job and I haven’t gotten a second job. I did start an Amazon business in April, however, it’s not quite profitable yet. In any case, there are still 6 months left in the year, plenty of time to make additional progress, so I have to decide what I’m going to do.

In all honesty, I’d prefer not to work another job. Not doing so means I have to get comfortable with the fact that I’ll carry this debt with me into 2019.  This is something I don’t want to do. I’m wrestling with this decision, that is, the hunger to eradicate the debt versus my reluctance to spend my nights and weekends at a second job. I keep telling myself that I can do anything for a set amount of time as long as it’s for a good cause and this sure is. My resistant side is saying that that I should focus on building something for myself. My 9 to 5 is already draining me and I’ll be starting a mandatory class next week, which will require more of my time.

Sigh. What to do, what to do, what to do?

How are your goals coming along?

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