December 2014 Breakdown
CASH – Moving across the country was expensive, but I’ve been able to keep my cash reserves up. I’d like to have $2,000 in checking to handle regular monthly bills and $5,000 in savings to handle any emergencies. All other income should be invested or pay down debt.
ROTH – I debate constantly whether I should contribute something to this every month. But then I think “No, you need to pay down your student loans!”
TRAD IRA – Nothing exciting going on. It’s unlikely anything is contributed to this account until I change jobs.
CIVIC – Slow and steady depreciation.
PLUS – Just entered repayment! My first scheduled payment is December 12th. This is my first priority to get rid of and I finally can now that my moving expenses are done.
STAFFORD – Just entered repayment on this as well! Already made the first scheduled payment. I chose the graduated standard repayment plan so my payments stay as low as possible. I can pay more on the PLUS this way.
CIVIC LOAN – Hate having this loan hang out. Reminds me I spent too much on a car. But the loan itself is extremely cheap at 2.9%. I’d love to pay it off by the end of summer 15 but I think I’d love seeing the PLUS balance fall more.
PERKINS - Grace period lasts 9 months.
Progress is still slow, but I’ve settled my new city and gotten used to the expenses that come along with living by yourself. Now I’m ready to kill this debt!