Sheesh! Being sick just about knocked me flat! And, unfortunately, sapped some of the motivation and joie de vivre from my life. I don't know if it's because I'm coming off of an exhausting cold and am not yet feeling 100% again, or if I need to readjust my work life (and debt repayment plans), but I feel as if my debt payments are just a drop in the bucket.
When will I start to see a real difference in my student loan debt? Granted, it's a huge balance (in my own mind, anyway) and it IS going to take awhile, maybe longer than I originally planned. At the beginning of January, my balance was $59,689. After sending about $1,000 to the U.S. government last month, the balance is now just above $59,000. All that interest is killing me!!
Of course, at least I'm making payments, right? I'm not just ignoring the fact that the interest is accruing and digging me deeper in debt, as I did for the ten years after I graduated. You have to start somewhere, I suppose, but perhaps my 'plan' is a little bit too optimistic, given that I need some time to relax, socialize, sleep, and importantly, exercise.
I am hoping to have my gung-ho motivation back by the end of February, if not sooner. Until then, I'm going to keep plugging away and start thinking about how I can rearrange my work schedule(s) so I'm not overwhelmed. . . .
The bumpy road to financial independence. . . .
Wednesday, February 2, 2011