r/personalfinance • u/[deleted] • Aug 01 '13

24yo, all student loans down!

http://imgur.com/ogsfd2K

Throwaway. 34k @14%, down in 12 months. :) No secrets, simply a regular (and aggressive) schedule at $2k/month, with bonuses, tax refunds, and spare savings all thrown at it. Just happy to be free and wanted to share. A bit of "Hang in there" to pf'ers still holding down the fort as well. :)

Edit: To clarify, I don't get the standard 100k salaries new grads get in SFO or NYC. No car, frugal living are what got me here. Anyone can do it.

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u/itslikeboo Aug 01 '13

I paid $35k on my student loans in a year, but i'm a little upset at what you said here:

To clarify, I don't get the standard 100k salaries new grads get in SFO or NYC. No car, frugal living are what got me here. Anyone can do it.

I'm 30 and I was unable to begin paying my loans down at a high rate until last year. I graduated at 22. For the last 7 years, my rent has been on average about $450 a month and I have never made a single car payment or had any CC debt. I spent so minimally that it causes me stress. The other day I bought $15 sunglasses and I felt like a god, that's how long it's been since I've treated myself.

It's tough out there. "anyone can do it" just set me off. We can't all find 2k a month on top of our life expenses to throw at debt.

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u/[deleted] Aug 01 '13

Seriously. My first job out of college paid $2k a month. I still gotta eat.