I’m so over these stupid loans.

We just got through with our budget committee meeting (yes, Jared got paid at the beginning of the month, I’m really excited!) and I want to scream. I know I just said I was excited, and I am. So thankful for the money at the beginning of the month. Not quite ahead but we have a huge head start! Back to me needing a punching bag…

I just don’t understand all the interest crap. It frustrates me when I don’t understand. It says one of our loans is $4442. Okay… then it says the payoff is $4492. WTH?! If I’m expecting to pay off $4442 and I have that much and go to pay it off I’m actually $50 short! That probably sounds really ignorant of me, but if we are applying all extra $ to the principal I don’t understand how they don’t just tell me exactly what we owe.

So for loan #2a we owed $551.60. Our payoff was $553.42. That’s $1.82 more than I was expecting. Okay, I know it’s not that much, but the other loan is what gets me even more… $50 extra $ really?!?!

I know there job is to make money and not make it easy for us to pay it off but good grief already!!

The happiness in my rant… we just paid off student loan #2a!! Bye Bye! So long! We will not miss you. Never Again! Our current debt “total” (because it’s never really what they say) is $16, 047.94 (Yepp halfway there!!!!!)

Who we Owe: Total to Start: Remaining balance: Month we paid it off:
PAIDOFFKohls(235.26) $0 (March 2010)
PAIDOFFMy CC($275.70) $0 (April 2010)
PAIDOFFCouch($1472.18) $0 (October 2010)
PAIDOFFCredit Card($4577.81) $0 (October 2010)
PAIDOFFStudent Loan #1a($2625) $0 (November 2010)
PAID OFF-Student Loan #1b($4000) $0 (February 2011)
PAID OFF-Student Loan #2a($2625) $0
–Student Loan #2b($4500) $4442.57
–Student Loan #2c($4523.89) $4502.97
–Student Loan #3($5522.40) $5122.40
–Hospital($2000) $1980

TOTAL DEBT: $32,357.24

REMAINING DEBT:
October- $23,427.15
November- $21,715.73
December- $21,203.47
January- $19,795.47
February- $18,319.75
March- $16,599.54

So far in April- $16, 047.94