Money Mart Winnipeg

Exactly how we paid down $20, 000 of scholar Loan Debt in year at 23 yrs old

Exactly how we paid down $20, 000 of scholar Loan Debt in year at 23 yrs old

While you all understand, I like a great financial obligation payoff tale. Melanie reached away to me personally recently and asked if she could share exactly how she paid down her debt. Below is her tale, enjoy!

Hi, I’m Melanie! I’m a CPA by time, and individual finance writer at Melanie De Jong Blog when the sun goes down! I’m 24 years old, and I also reside with my better half and stunning child child in Northwest Iowa. My spouce and I paid down $20,000 of education loan debt fresh away from college while residing on just one single earnings for 5 of these full months AND spending money on section of a marriage and a vacation (with no, we don’t make a lot of money ). Our financial obligation payoff tale has motivated us to assist and encourage other people to be economically free! Listed here is our tale.

Once the confetti stopped, the champagne was done being popped, and I also settled into my brand new work and new house post-college graduation, the very last thing i needed to give some thought to had been just how on earth I became likely to spend down my student education loans.

For three and a half years, we finalized my name on the dotted lines without also once you understand the things I was getting myself into. For three and a half years, we seldom glanced within my education loan statements and actually had no idea exactly just what the total amount ended up being and the thing I would owe after college.

That most changed one night over Christmas time break my senior 12 months, whenever I decided i will most likely sit back and figure a plan out. As of this true point, I’d been dating my now spouse for 2 months, and there is a chance I would personally be going from my hometown in Washington State to Northwest Iowa, where my college ended up being found along with where my hubby ended up being from. (more…)