Happy Friday everyone! Not so happy for me, though…Yesterday right before we left work, my coworker and I were informed that we will temporarily be moving outside our office into the cubicles. UGH. I don’t want to be near the cubicle zone!! We were both afraid this would happen, but down the road – as in a month or more. They could have given us a bit more notice!
There have been talks circulating around the office about possible construction, and it looks like they will be starting tomorrow. Our company is growing, which is great, but we are definitely experiencing a lot of growing pains along the way. The sales floor is loud, and we will be in the thick of it for who knows how long. Our new office is going to be much bigger, combined with another department (our office has less than 20 employees, department means 3 people) so it should be fun! We plan on having lots of parties already. Having our own music playing would be nice, too. I guess we will have to see how it all turns out, but I have no clue how I’m going to manage in a cubicle. :(.
I am also happy to report that we’ve gone walking three times this week so far. The weather has been a little blah which has put a cramp in things, and I haven’t been feeling too well, but hopefully we will be back to walking Saturday.
Student Loan Progress
Onto the good stuff! As I alluded to in my budget post, I didn’t get to put as much toward my student loans as I would have liked. I had a one time expense of $260 with the purchase of a plane ticket and gifts for the baby shower I am attending tomorrow. I plan to change that this month, though! I am hoping that we will put less toward groceries, so I can focus more on my student loans. So far, we haven’t been food shopping since last week, and I think we will be able to make it last through next week.
Subsidized: $3,035.36 @ 5.35% (-$67.45)
Unsubsidized: $1,587.83 @ 6.55% (-$91.13)
Total: $4,623.19 (-$158.58)
Subsidized: $4,882.09 @ 4.25% (-$38.75)
Unsubsidized: $6,030.04 @ 6.55% (-$76.20)
Total: $10,912.13 (-$114.95)
GRAND TOTAL: $15,535.32 (-$273.53)
I hate interest! I’m sure everyone else does, too. $76 of my $350 went toward interest last month.
An emphasis on loan one
I am putting all my extra payments toward loan one now, as I want to kill it off as soon as possible. In the past two updates, you can see that I had more of a total payment toward loan two. I realized I need to just pay the minimum on loan two in order to do pay down loan one quicker. I know that’s kind of a “duh” thing, but I wanted to pay extra toward both in the beginning, to see both amounts go down. Obviously the bigger one is more intimidating, and it would be lovely for it to go down to four digits, but that will have to wait. I look forward to the day loan one is paid off, and I can put what I was paying toward that to loan two.
As I said in my goals post on Wednesday, I am hoping for a raise this month, and I am looking for ways to earn some extra income by possibly securing a Virtual Assistant position. Since I’m not earning what I would like in my day job, I know I need to find more income elsewhere. Any extra I may get will go straight to these loans! Depending on the size of the raise I get, I am hoping to pay at least $400 toward loan one a month. If I can do that, then hopefully it will be paid off within a year. However, opportunities are endless, and I plan to try and seize as many as possible that come my way!