This is a personal-finance-meets-indebted-Millenials blog, right? So let’s get down n’ dirty with exactly what kind of debt we’re dealing with, shall we?

The Dames have a pretty common mix of debt. In fact, it’s exclusively student loans (both federal and private) and credit cards. We’ve both had the blessing of paying off our respective vehicles, but with two Bachelor’s degrees, one Juris Doctorate, a cross-country move, and living expenses (especially during Katie’s donut-binging bar prep experience), we’ve accrued a bit of a mountain of it. Here’s where we’ll be posting our quarterly progress at paying it all off. Our ultimate goal is freedom in our mid-thirties – so loosely 2035. Cheers!

Quarterly Updates

  • January 2016 – March 2016: As you can see, not a whole lot of progress with our debt reduction but that consumer line has a slight downgrade! Hey, it’s our first quarter as serious debt-crushing dames.
  • April 2016 – June 2016: We’re getting there! Both of us made huge progress on our credit cards, and the private loans are starting to follow suit.
  • July 2016 – September 2016: Just keep paying down debt, just keep paying down debt.
  • October 2016 – December 2016: It’s crunch time for this year’s money goals!
  • January 2017 – March 2017: ECD is entering her final year of credit card debt (payoff goal is December 2017). Here we go!
  • April 2017 – June 2017: Lots of setbacks and money emergencies. Ain’t life grand?
  • July 2017 – September 2017: Still trying to catch up after all those setbacks.
  • October 2017 – December 2016: ECD’s income based student loan repayment jumped up this quarter, so sadly the consumer debt had to stick around a teensy bit longer.
  • January 2018 – March 2018: WCD refinanced her student loan debt to save a ton on interest.
  • April 2018 – June 2018: Just keep paying off debt…just keep paying off debt.
  • July 2018 – September 2018: Consumer debt is GONE! Now, ECD is going to kick savings into high gear until a few major life events are done; meanwhile, WCD is slaying that student loan debt.
  • October 2018 – December 2018: No one ever said consistent, debt-repayment would be exciting, right?
  • January 2019 – March 2019: Still paying down debt, now with wedding planning and a Master’s program!