I was planning on writing this post on the weekend, but life, including the Relay for Life, got away from me. I know this blog has been more on the personal side lately, but I had a lot of highly personal, highly important things going on in my life right now, so, naturally, I want to share them.
First off, I want to thank everyone that participated in last week’s post where I talked about how I should represent my student loan debt now that it’s been paid off. There were a lot of opinions and I think when it comes down to it, I’m going to use the following strategy:
For short conversations, on liners and bios, I’ll be using the figure $38,000. If I have time to talk to whomever I’m telling my story to, more in depth, I’ll explain about the $53,000 and the government grants. That way, no one will think I’m misrepresenting how much debt I’ve paid off.
I’ll be updating my Debt Facts page to fully explain the situation, as a quick reference, along with my Debt Facts widget on the right.
Life has become extremely freaking busy lately and, since my wedding is only ten freaking days away, it’s only going to get more busy for the next month or so. So, if you’ve ever wanted to guest post on My Alternate Life, now is your chance! I’d love the opportunity to feature some of the talent in the personal finance world, and at the same time, buy myself a little breathing space for the next few weeks. If you’d like to contribute to my blog over the next few weeks, shoot me an email through my contact page. Or you can tweet at me. I’m also on the Facebook.
I logged into my student loan accounts this morning, all excited and ready to see my updated balance. After navigating through the ridiculously high tech password mechanisms that all government websites seem to be obsessed with, I finally got to the account summary page, to be greeted by this entirely underwhelming screen.
So it turns out that I lied to you guys last week when I said that I was debt free. Turns out, I was off by 27 cents. Never fear! I made that piddly little $0.27 payment this morning, and hopefully in a few days that Amount Owing row will have a big fat zero in it.
Beyond the fact that the NSLSC doesn’t seem to think I’m student debt free, I’ve made all of the other necessary arrangements to close out my student loan accounts. I’ve eliminated it as a line item in my budget on both Mint.com and my spreadsheet, I’ve also closed out it’s column in my Debt Repayment Schedule spreadsheet.
Now, it’s all about the car loan. I made my first extra payment last week, a small one, only $44, but still, it’s only the beginning of what I hope is an extremely short battle. Based on my calculations, it looks like I’ll have it paid off by mid December, but of course I’ll be trying to beat my own projections. Which reminds me…
With ten days to go, most stuff is done. At this point all that is left is the loose ends that are being tied up. Making a few last minute decorations, figuring out sleeping arrangements for our out of towners (nearest hotel is 40 minutes away by car), etc etc. I have about $820 left in my “Wedding Fund” and I can’t see us going through all of that (at least we aren’t scheduled to). I also have an extra $1000 in a separate savings account labelled “Wedding Slush Fund” that I’ve been squirrelling away since December, but I’m happy to say that it looks like we won’t have to dip into that, and I’ll be able to use that to help pay the car off instead.
At this point, I’m mostly just worried about the weather. It’s an outdoor wedding, so a lot of the outcome of the day depends on it. If I was religious or spiritual, I’d be praying/rain dancing/meditating on it, hoping for sun and warmth. Unfortunately in this case, I’m not, so I’ve resigned myself to neurotically checking the long range forecast several times a day.
Freelance income has really been rocking right along for me lately. I’ve been averaging a side income of about $630 per month, and that’s about to increase since I’m so pleased to add L Bee and the Money Tree to the roster of websites I’m now staff writing for. Once the summer settles down I’m definitely going to focus on growing my freelance income even more, I’d love for it to make up a bigger chunk of my overall income.
So, that’s what’s been going on with me. Life sure is flowing these days. I’m just trying my best to keep up, wish me luck!
How has your debt repayment/yearly goals/freelance income being doing lately? I want to know!