What follows is a celebratory post, so get ready to rock your party hats.
We have three months worth of loan payments in Canada, which means we have a wee bit of a cushion up there while we scurry around getting more payments for the future together. Why do we need the cushion? Well, we did a huge lump sum payment and ANNIHILATED the Canada Student Credit Line!
Needless to say (but I'll say it anyway), we're THRILLED!!! Every time one of our debt beasts is killed (because, let's face it, we're up against a swarm), we feel a great sense of accomplishment, and I fairly dance around the house in delight!
So, what does life look like in the Debt Beast Battle? Here's what it was last month:
Credit Line at $1617
My National Student Loan $23,542.89
Lastly, my BC Student Loan at $6005.97
The loan against my husband's 401K is now $566
The credit card is sitting heavy at $6500
My husband's Student Loan is now down to $2464
Our debt total was $40,695.86.
Admittedly not too shabby, but check out where we are now:
My National Student Loan $23,317.13
Lastly, my BC Student Loan at $6031.18
The loan against my husband's 401K is now $405
The credit card is sitting heavy at $6350
My husband's Student Loan is now down to $2358
Our new debt total is $38,461.31.
Wooo!!!! We're past the $40K mark now and sliding ever downwards!!
Squirrel and Nest offers one-on-one and small group financial counseling services that aim to give individuals the knowledge and independence they need to get their financial lives in great shape.