Recently I set a goal to pay off the remaining $3,670.66 of my car loan.  At the time, I wasn’t sure if I would be able to pay it down to zero within the timeframe I set for myself.  I rolled some numbers around in my head and figured that if I was able to entirely eliminate my discretionary spending during the next six weeks, I might be able to do it.

Today, after six weeks, I am proud to say that I was able to pay off my car by the deadline I set for myself, plus 8 hours.  There were some times when I wasn’t sure I would be able to do it, when I spent more money than I should have.  I almost wasn’t able to accomplish my goal but I stuck with it and kept my commitment to doing what it took to reach the end.

I had to “sacrifice”.  I had to sell Stuff in order to make up for the money I spent.  I did whatever it took to make this happen.  Now that I am free from my car debt I am looking forward to my next debt; my Student Loans.

When I looked at my Student Loan account, even though I had a mental number that was relatively close to the actual amount I owe, seeing it in black and white gave me a sick feeling in my stomach.  Instead of feeling overwhelmed, I’m feeling fired up!

I’m working to develop a game plan to attack this debt as ambitiously as I can so that I can have all of my Unsubsidized Loans paid off before I complete my Bachelor Degree.  I have a year and a half to make this happen and it is possible but will be a challenge and a lengthy obligation.  If I stick with it, I will have more than 50% of my student loan debt paid off and possibly even more if everything goes well.

Look for an update in the future with numbers and a solid repayment plan!