I am so happy that my bloggy buddy Kim from Thrifty Little Mom is letting me borrow some of her blog space! This post is all about how I am working towards dumping my student loan debt without eating too much into our budget.
My journey through college is a little different from most but not all that crazy. I started college off on the right foot, right after high school with a scholarship and getting good grades. Then somewhere in the middle of my first semester, I started slacking off. I am not sure exactly what happened, maybe I just got lazy but I was over the whole going to class thing and by the end of my third semester of college I had not only lost my scholarship but had been put on academic suspension for a semester.
That began a series of trying to find a job in the “real world” that was decent without a college education. After years working in retail and then transitioning to the world of Administrative Assistant, I was over making pennies compared to my college-educated friends doing the same work as me.
Therefore, I went back to school, only this time there was no scholarship despite applying to everyone I even remotely qualified for. Not being a patient person, I did the next thing that seemed to make sense to me at the time – I took out student loans. Thankfully, I was smart enough to not take out more than I needed since I had a fulltime job to pay the bills.
It has been three years since I graduated with my degree and since I had to start paying back those dreaded student loans. Since my family is on a one income and has been since I graduated and our goal this year is to have my student loans paid for by December 31st, I have had to get a little creative with my pay off strategy.
Continue reading here on Thrifty Little Mom.
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