Well, it posted. My big $7,000 payment posted. For almost a week, I was stuck in limbo, just waiting to watch the balance go down. I stalled. I couldn’t seem to write. I paced a lot. I tinkered with projects. But my focus was all awry. I’m hoping that now that it has posted, I’ll settle down a little and get back to business.
In the meantime, let me just say that my new student loan balance is $16,054.
Here’s how I did it:
$7,000 – Primary Contract Job
I did double the work I usually do for this gig, therefore I got paid double what I usually do. Due to a glitch in the system, my check arrived later than usual. That was okay, though, because I lived on income I made through a side gig during May and June. And, the glitch really worked out in my favor because it gave me a giant chunk of money to manage. I paid taxes, then I squeezed as much out of the check as I could to make the payment.
I have my eyes on the prize of getting the balance down to $13,000 by my birthday in September. I’m not sure why I’m stuck on $13,000 right now. On an index card on my bulletin board, I have a list of goals for the the year that states “Student loan debt = $20,000 by December.”
It’s important to remember that when I started this experiment, I had no idea how I was going to make it happen. I kept my focus on making big payments (which included making more money and spending less of it.) From that focus came higher paying work, side hustle opportunities, and a renewed self-worth.
Not a bad deal, really.