Operation School Loans: 2 PAID!

We paid off our Iowa Student Loan which was over $21,000! Feels so good to be done with it, especially with Tim's cut hours. This will help the burden since we don't have to pay this bill every month. So thankful!

Tim's Student Loans--Update

I have been getting tired of paying these, so thought I would write out where we are at with Tim's loans so I can continue to feel like this is an exciting challenge so that I can continue to be motivated to keep going with payments!

As of today, August 10:

ISL: $8,213.22

ACS:  $37,369.95

In October:

ISL:  $11,820.06

ACS: $39,305.69

Well, not as much as a difference as I would like, but it's something, so this visualization has helped me mentally keep going!

Operation School Loans: 1 PAID!

In an earlier post, I listed Tim's school loans so I could get a visual. I am happy to say that we paid the Sallie Mae loan with our tax return! I am SO EXCITED. One down, two huge ones to go, but it's a start and I am so thankful!

Sallie Mae, originally: $7,815.21
Amount Still Left when we paid it off: $2,555.68

At the rate we were going now, it would have been another 2 years before we would have paid this off!

YAY!

Tim's Student Loans

When I got married, I knew it would be an uphill battle financially. Tim has a Bachelor's degree and 2 Master's and it was not cheap to obtain those degrees. Needless to say, I have had many different emotions regarding the 3 loans he had. I have come to accept it and now actually like the challenge of paying the debt down.  I like seeing the amount owed go down each month. I feel accomplished. :)I really love accounting, numbers, and anything to do with calculating money.  I actually like paying bills each month because it makes me realize how much God has provided for me and it's also a good feeling that I worked hard to obtain the money to pay to live.  God just continues to prove Himself over and over to me and it's just amazing the blessings He has given. I have more posts about little blessings that I hope to write about.  Back to the loans, I wanted to "put in writing" how far we have come to see our progress.

When I got married in July 2009:

 $71,644.13


Loan #1: $43, 463.08

Loan #2: $7,815.21

Loan #3: $20,365.84


Now, October 2011:
$54,128.61


Loan #1: $39,305.69

Loan #2: $3,002.86

Loan #3: $11,820.06
Yes, we have a long way to go, but I am rejoicing in how far we've come. :)
I love seeing the numbers, so like I said, putting them on paper helps with the pain of paying a bunch of money each month. The amounts owed are getting smaller, little by little!