Here's a little recap about the recent payoff of my smallest loan.
For the last few years I have been diligently chipping away at Loan #5. A little bump, some unemployment, a growing bump, and then surprise! A baby! Who stole my heart and my wallet, and temporarily derailed my payoff plans.
|so much squish!|
I eventually climbed out of the new mom, Mombie fog, and realized that I need to get cracking on the loan payoff because my life bills are never going to get smaller. Infant daycare costs more than the rent of a 2 bedroom apartment in my area. Ouch, Right?
My new budget allows me to put $500 extra a month on my loans. More if I could carefully track my spending, but not gonna lie, tracking spending has gotten significantly harder now that I am responsible for making sure another human being's needs are met. My child cries all night and I'm driving him in my car at 4 am. Drive Thru? I think yes. Trip to the pharmacy for a teething baby? One of everything, please. Oh, and this box of doughnuts for me to drown my sorrows in. I admit, it's a short coming.
So I had a really big day.
I, for the first time ever, got a bonus. And it was a BIG bonus. After taxes, and deductions, not quite as big... but still BIG.
I've never had such a large pile of money materialize in my bank account. Like David after the Dentist, I had to ask myself, "Is this real life?"
It feels like cheating. Aren't I supposed to fight tooth and nail and scrimp for every payment? *poof* magic, *poof* gone.
$5500 of Debt Gone.
That was easy. How can I keep making that happen?