Debt status: January 09

Sadly, my debt has increased.  This trend will continue until I can get financial aid.  While it is discouraging to see the percentage paid off shrinking, I must remember that I have been keeping the interest accrued around zero.

jandebt

Debt status update: September

I realize it’s not September, but I won’t be making October’s debt payment until the end of the month.  I’ll post a new graph then! (with hopefully more than one percentage point paid off!)

Student loan frustrations!

My student loans still have not been disbursed.  That doesn’t mean that my tuition isn’t due!  To delay having to pay tuition until I get my loans, I signed up for the payment plan, a way to pay in monthly installments with no interest charge.  (On the other hand, if you pay your tuition late and haven’t signed up for the payment plan, you are charged a percentage in late fees.)

Well, this seemed like a brilliant idea in August.  The August due date came and went, and I knew the loans would be coming “some time in September”–the words of someone who works in our financial aid department.  I assumed my loans would be disbursed by the September due date or soon after.  However, when I was checking my balance online one day, I noticed that my balance was significantly in the hole.  That is, I had bounced my checking account by several thousand dollars.

Nicht gut! I realized that I had signed up for direct debit when I signed up for the tuition payment plan.  Whoops!  I was able to remedy the situation that day, but the incident definitely made me anxious for my loans to arrive!!  I am calling financial aid on MONDAY!  🙂

Feeding my monsters

Since I’ve now got a paycheck that isn’t immediately eaten up by rent, I am doing the smart thing and divvying it up as soon as I get it.  I made a pretty little pie chart to reflect my current divisions.

These percentages are subject to change; for one, after my emergency fund is fully funded, I’m going to increase my retirement percentage.

I’m also excited (in a weird way) to be beginning to feed the debt monsters.  I have student loans that just sit there, increasing from interest.  I’m not worried about all of them, because the interest rates are very low and/or they’re subsidized, but the ones with the scarier rates need to be fed some snowflakes.