6 Month of Loan Payments

I have put off the entry forever. Which is strange because I'm very proud of what I have accomplished. I think I'm just being utterly lazy.

Let's review! I had originally wanted to save 1k a month until I could make a chunk $10,000 payment. However after some research I realized I would get slightly better results by making two monthly payments. So it began, I have lived off of only a few hundred (if not less each month). I pay rent, student loans, bills, gas and grocery and whatever left is mine for either saving or fun. Most months I end up with around $20 bucks in my account before payday.

What I Paid in 2012

                      Amt Toward            Amt Towards
                          Principle                   Interest
January                $6.54                     $739.06
February             $116.89                  $628.71
March                 $96.05                    $649.55
April                   $75.11                    $670.49
May                    $118.89                  $626.71
June                    $95.05                    $650.55
July                    $117.29                   $628.31
August               $97.19                     $648.41
September         $97.89                      $647.71
October             $119.47                    $626.13
November         $99.46                      $646.14
December         $120.99                     $624.61
TOTAL           $1,160.82                  $7,786.38

Seriously, look at January, only $6 bucks towards principle!!?!?!? Fuck you Wells Fargo. I didn't really keep track of my payments during the first year, I set up automatic payments and just didn't deal with it. I didn't want to think of what was going to principle or how much I was paying in interest or even how long it was going to take. I didn't feel like I had the power to, even if I knew what kind of financial trouble I was in there was nothing I could do about it. Once I got a new (and much, much, much better) job I was able to have the extra cash to take care of business.

What I Paid in 2013 (so far!!)


                      Amt Toward            Amt Toward
                          Principle                   Interest
January               $101.04                   $644.56
January pt2         $708.44                   $291.56
February             $394.37                   $351.23
February pt2       $712.04                   $287.96
March                 $459.96                   $285.64
March pt2           $715.86                   $284.14
April                   $403.41                   $342.19
April pt2             $719.51                   $280.49
May                    $427.72                   $626.71
May pt2              $723.25                   $276.75
June                    $412.41                   $333.19
June pt2              $446.45                   $253.55
TOTAL             $6,224.46                $3,949.14



                         Payment    Amt Toward            Amt Toward            
                               MAde                     Principle                   Interest
July                        $745.60                   $415.81                  $329.79
July pt2                  $600.00                   $                             $
August                   $                              $                             $
August pt2             $                              $                             $
September              $                              $                             $
September pt2        $                              $                             $
October                  $                              $                             $
October pt2            $                              $                             $
November              $                              $                             $
November pt2        $                              $                             $
December              $                              $                             $
December pt2        $                              $                             $
TOTAL                $1345.60                 $414.81                  $329.79


I am so proud of what I've been able to do with this loan. I've paid close to 600% more in just 6 months than what I paid in my first year. I will end up paying close to the same amount of interest (if not slightly lower) this year even though I'm paying so much more. I sometime's get so discouraged because I have so far to go but I just have to remind myself that I'm only 27 years old and I've only been at this for 6 months.