Hello to my reader, your dedication is much appreciated, mom. Here are the numbers for the month:
Student Loans
As previously posted, my Undergrad loans are gone – dust in the wind. I saw the light at the end of the tunnel and clawed towards that goal, credit card balances be damned. Another big change – I refinanced my SoFi loan to a shorter length as well as an interest reduction: 15 to 10 years and 6.49% to 5.1%, respectively. I’ll keep paying $600 on it.
As mentioned, the payments previously earmarked for Undergrad loans plus any additional prepayments will be allocated to the Graduate Plus loan with the 6.59% rate. Comparison to the previous month is below:
Everything remained steady save for the Undergrad loan that was zero’d out.
Net Worth
The stock market has been performing well lately so my retirement savings have seen similar gains, ultimately improving my net worth.
A notable milestone – the car note reached the sub-20K territory. A part of me wants to make significant prepayments on this, but the interest rate is so low for the 6 year term, 1.9%. This will be a costly month because of the holidays but I’m glad to be typing this from the east coast, enjoying time with my family.
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