Our Federal, California, and Maryland Tax Refunds arrived! With the money we received, we were able to pay off a significant amount of our student loans.
Currently we owe:
- $15,492.88 to Sallie Mae (4.5 Interest Rate)
- $107,574.86 to Wells Fargo Home Mortgage (4.125 Interest Rate)
- $123,067.74 Total
So we have paid off $10,406.53 since May 2012!
Imperfect progress is still progress, right?
Have you compiled a list of all of your debts, their interest rates, and their due dates? What strategies are you using to pay off your debts?
Impressive! We, too, are working on paying down some debt. It’s nice to know that others are in the same boat, though we haven’t quite worked out a system to pay it off and we are juggling things now with a baby on the way.
Some days it’s frustrating to see how far we have to go, but I love the community of people I’ve met on-line (like you) who are also paying off their debts. It’s great to feel that we’re not in this alone! 🙂
[…] 20 Days Until Our Taxes are Due…Which Means Tax Refund! […]