from $95k to $55k…is this real life?

It’s been a hectic (but quiet on the blog front) 3 months, and here we are in May already. I missed the updates for March and April, and amazingly we are looking at over 41% of my student loans paid off since the birth of this blog!

If you look at my very last post, I was stoked that I had hit almost 30% paid off. Well, if you recall, I had negotiated a student loan payoff deal with my current employer and the first of 5 x $10,000 payments hit my Navient account on my first re-anniversary with this job. I’ll get a check every anniversary for the next 4 years as well! Here are the monthly outstanding amounts that have gone down since the last update:

March 1, 2016. $66,528.05
March 3, 2016. $56,540.13 (huzzah work anniversary!)
April 5, 2016. $56,181.26 (oops I checked 4 days late)
May 1, 2016. $55,779.22

That’s a whopping total of $39,247.65 paid off (41.3%) since the birth of the blog!

I’ve been still paying my standard minimum payments (totaling about $557/month) and looking forward to the day (projected in about a year and a half or so) when that gets knocked down to $242/month.

Unfortunately we’ve racked up a balance on the credit card, but have been able to pay it off each month; and there’s still the furniture (interest free for 12 months) we’ve been working on. The good news is that Mr. Bacon was finally promoted to full-time status at his job, which comes with amazing healthcare benefits (and even a pension!). He was even able to apply his 12 years of experience from a previous job, which moved him up the payscale by 12 levels–pretty insane (in a good way) how cut & dry that was.

We also got our taxes done–I was able to manage getting the federal returns done on my own using the H&R Block software and we got over $1300 refunded. BUT the state returns were tricky since we lived in two different states, so I ended up paying someone $135 to get those done. We ended up getting about $250 back from Maryland and owed $380 or so to Delaware. Not too shabby!

Other than that…we got A PUPPY! So much for no major life changes this year. 😉 That might explain part of why our expenses went up this month. Looks like I will be adding a budget line item for the Bacon Pup! My goal this month is to start using the budget categories in Mint.com again to get an idea of what they all are.

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