I graduated six years ago, and this month I finished paying off tens of thousands of dollars in student loans.
Yes, dedication, hard work and willpower helped a lot. But I would never have been able to do it without the support of my family, whom I am extremely lucky to have and who have supported and helped me out countless times. I know how fortunate I am, and I am beyond thankful.
I have *officially* finished paying off my student loans. Feeling very thankful for my family. My parents have always been extremely supportive. They’re beyond generous, they helped me with my education and career in countless ways and they welcomed me moving home for almost 2 years so I could pay off the rest of the loans (yes, I moved home at 27). I can never thank them enough. Love you, Mom & Dad.
Here’s how I did it:
-I was fortunate enough to be able to move home with my parents, who don’t live too far from where I work. Yes, after living on my own for years it was a change. But again, very lucky as they were amazing roommates!
-I wrote down everything I spent money on. I used the Notes app on my phone to make a list of every day of the month (1-30+), and next to each number I would write down how much money I’d spent that day along with what I bought. I was able to track how much I was spending on things like going out vs. groceries, which helped me figure out what needed to get cut.
-I also kept a list of what I needed to buy, and tried to only buy essential things, unless it was for a special occasion or holiday.
-I ate out as little as possible. I love going out to eat, absolutely love it. But this was good for my health as well as for my wallet.
-Before I moved home even, I cut my cable and tried to limit my monthly subscriptions to things.