I hope Labor Day treated you well. I had a lovely long weekend with my boyfriend, full of enriching experiences. It's so wonderful to unplug and get closer to nature and your loved ones. We stayed at a retreat center, did yoga, ate good food we made, chased sunsets, drank prosecco in a hot tub under the stars, took photos, and basked in the sun. It felt very indulgent (and yet it didn't cost us much)!
Here's my September net worth update, for all the world to see! :)
|Total Net Worth||-$108,203.69||-$110,307.77||$2,104.08|
|Student Loans||Amount Owed||Amount Paid Off||Interest Rate||Monthly Payment||Payoff Date/ $ Paid Toward Loans|
|Private Loan 1||$11,344.15||5.00%||$0.00||3/7/2014|
|Private Loan 2||$9,750.07||3.01%||$81.18|
|Private Loan 3||$11,368.91||3.21%||$84.77|
We're up $2k this month, which I'm happy about. This month my plan is to ramp up my 401k contributions to reduce the amount of taxes I'll owe for 2014... Let's see how much we can stash away in there this month!
Debt repayment has been slowing down, as I'm trying to focus on increasing investments and making sure I have a healthy emergency fund. Once those are covered, I'll jump back in to paying down debt at full force. My dilemma is that the lower balance private loans have low interest rates and the higher balance has a higher interest rate but is a federal loan with tons of repayment options. Paying down the high balance loan will feel like drops in a bucket, so I'm also assessing what the best tactic is for me going forward. I also want to invest more, so there's a lot to consider. Over the next month I'll try to come up with a new and improved debt repayment/ personal finance strategy.
How was your Labor Day weekend?