A few months back when I was only making the minimum of $42.43 per month on my Perkins 𝐋𝐨𝐚𝐧, it would add $7 in interest every time it cycled. Then as I started flooding money into it, it would only add $5 in interest when it cycled every month. This month, it only added $4.58 of interest. So my total balance due is $1104.58 with $42.43 due on 10/1. I know it’s only pennies, but it goes to show how lowering balances helps a little bit. The end goal, however, is to pay it off so that I won’t have it in my budget at all.
Published by Akashasdebtjourney
I am a woman who is recovering from the grave mistake of going to college. I work as a nurse aide and home health aide with elderly and disabled adults in their homes. I also do on demand food delivery apps. I am a single mom to a preteen daughter Evita, who lives with her father due to the chaos finishing college has brought into our home and our lives. I see Evita only 2 days a week. I will blog real numbers and real goals and payoffs along with advice for young people on how to be successful without college. View all posts by Akashasdebtjourney