The Debt

This is a personal-finance-meets-indebted-Millenials blog, right? So let’s get down n’ dirty with exactly what kind of debt we’re dealing with, shall we?

The Dames have a pretty common mix of debt. In fact, it’s exclusively student loans (both federal and private) and credit cards. We’ve both had the blessing of paying off our respective vehicles, but with two Bachelor’s degrees, one Juris Doctorate, a cross-country move, and living expenses (especially during Katie’s donut-binging bar prep experience), we’ve accrued a bit of a mountain of it. Here’s where we’ll be posting our quarterly progress at paying it all off. Our ultimate goal is freedom in our mid-thirties – so loosely 2035. Cheers!


Quarterly Updates

  • January 2016 – March 2016: As you can see, not a whole lot of progress with our debt reduction but that consumer line has a slight downgrade! Hey, it’s our first quarter as serious debt-crushing dames.
  • April 2016 – June 2016: We’re getting there! Both of us made huge progress on our credit cards, and the private loans are starting to follow suit.
  • July 2016 – September 2016:┬áJust keep paying down debt, just keep paying down debt.
  • October 2016 – December 2016: It’s crunch time for this year’s money goals!
  • January 2017 – March 2017: ECD is entering her final year of credit card debt (payoff is December 2017). Here we go!
  • April 2017 – June 2017: Lots of setbacks and money emergencies. Ain’t life grand?
  • July 2017 – September 2017: Trying to catch up after all those setbacks.
  • October 2017 – December 2016: It’s the final countdown to ECD’s consumer debt! ECD’s income based student loan repayment also jumped up this quarter, so I guess it’s time to start paying those federal loans down too.
  • January 2018 – March 2018: Consumer debt freedom! Now it’s time to kick those private loans goodbye.