Greetings! We we begin the new year, I wanted to update my debt repayment status. I've made a dent in my student loan debt, though it has come at the cost of my mortgage debt, unfortunately.
Even so, I'm happy with the progress I've made and am excited to watch my student loan debt decrease even more quickly in 2012. I can't imagine the relief that I will feel when this burden is removed from my life forever!
See my last post for my 2012 goals, while you're here!
Here's where my debt stands now, at the end of 2011:
Second Mortgage Debt: $31,400::::$25,763
Student Loan Debt: $61,762::::$49,438
Primary Mortgage Debt: $167,500::::$156,344
And here's where I was in mid-October:
Second Mortgage Debt: $31,400::::$25,888
Student Loan Debt: $61,762::::$51,881
Primary Mortgage Debt: $167,500::::$156,757
Clearly, my first and second mortgages are primarily interest payments, which is truly painful to see. I am hopeful that when my student loan debt is repaid, I can throw some extra money at these bills to ensure that they decrease more quickly than they have over the last year.
I hope to update more frequently this year, though can't make any promises given my hectic work schedule. Have a wonderful start to 2012!!
Sunday, January 1, 2012
An update to celebrate the new year. . . .
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