The way we paid down $20, 000 of Student Loan Debt in year at 23 yrs old

The way we paid down $20, 000 of Student Loan Debt in year at 23 yrs old

I love a good debt payoff story as you all know. Melanie reached away to me personally recently and asked if she could share just how she paid down her debt. Below is her tale, enjoy!

Hi, I’m Melanie! I’m a CPA by time, and finance that is personal at Melanie De Jong we Blog when the sun goes down! I’m 24 years of age, and I also live with my better half and breathtaking child child in Northwest Iowa. My spouce and I paid down $20,000 of education loan financial obligation fresh away from university while residing on just one single earnings for 5 of the full months AND investing in element of a marriage and a vacation (with no, we don’t make a lot of money ). Our financial obligation payoff tale has influenced me personally to assist and encourage other people to become economically free! Listed here is our tale.

Once the confetti stopped, the champagne had been done being popped, and I also settled into my brand new task and brand new house post-college graduation, the very last thing i desired to consider had been just exactly how on the planet I became planning to spend down my student education loans.

For three and a years that are half we finalized my title from the dotted lines without also once you understand the things I ended up being getting myself into. For three and a years that are half we seldom glanced within my education loan statements and really had no concept exactly exactly just what the total amount ended up being and the thing I would owe after college.

That most changed one night over xmas break my senior 12 months, whenever I decided i will most likely sit back and figure a plan out. Only at that point, I’d been dating my now spouse for 2 months, and there is a chance I would personally be going from my hometown in Washington State to Northwest Iowa, where my college had been found in addition to where my better half ended up being from.