Hey yo! It’s writing wrap up time. Enjoy a bunch of awesome personal finance articles linked below and yes, the student loan balance listed in the title is for real. Details below!
Life Update: Our Pledge
The hubs and I have decided that we will go to the pool and the beach at least once each every week until we leave Grenada. We know that this semester will get crazy, but since our apartment complex has a pool, and we’re a five minute walk from the beach, we have absolutely no excuses. I’m going to stay accountable by posting pictures here and on Instagram with hashtag #ourpledge. Want to join me by pledging to do something just for you? Here’s our pool pic from yesterday. We have yet to go to the beach this week, but we’ll be fixing that this weekend!
Student Loan Update
I haven’t done a student loan update in a while, so here goes nothing.
The Good News: I paid over $2,000 towards my students loans in the past two months just using my side hustle income.
The Bad News: We’re adding more to the loan totals each semester with the hubs’ tuition, but that’s what happens when you decide to go to med school. 🙂 Here are the new totals:
Bachelors & Masters Degree Consolidated Loan: $34,635.46
The Hubs’ Loans
Bachelors Degree: $3,895.80
Masters Degree: $65,070.13
Medical School So Far: $155,928.70
Total Cost For Our Brains So Far:
$259,530.09 or if you want to look at this this way, it’s a really fancy invisible house.
All loans have over a 6% interest rate with the exception of the hubs’ undergrad loan, which is subsidized. Remember when we had subsidized loans back in the good ol’ days?
So, there’s really not much else to say except that we’re surprisingly calm about all of this. We both work hard, and we’re going to pay his loans back as soon as the hubs gets through school and actually starts practicing medicine. We’re trying to pay mine back over the next 2-3 years, depending on how this whole blogging full time thing goes. 🙂
Until then, I have every intention of living my life, enjoying Grenada, taking a vacation one of these days, and continuing to save and invest along the way. The hubs actually just got back from a really cool medical study abroad experience that I’ll tell you about next week, and I was beyond happy to pay for it with my side hustle income. So, I know not all financial bloggers would agree with doing a bit of traveling while we’re in this much debt, but that’s just how we roll. I’ll explain more next week. The hubs might even stop in and write about it himself. 🙂
Jammin’ Posts I Wrote For Others
Posts I Thought Were So Cool
Greg was kind enough to ask me to contribute to a post, which asked if doctors make too much money. You get to read about my experience being married to someone during the first two years of med school, and his experience dating and eventually marrying someone starting with the 4th year of med school. Good stuff!
Holly is cutting costs left and right.
It’s no surprise, but Michelle killed it in the extra income department.~12k! Amazing!
Kathleen stayed in a bunch of places using AirBnB. Apparently there was some nudity involved…
Congrats to Nick for 6 months of blogging. You’re doing a fabulous job, and I appreciate all your comments on BB! 🙂
I can’t believe J$ didn’t get more for that sweet pram!
Catherine has a friend that she tries to help with budgeting, but her friend never listens. I can relate to this.
You know I love a post when I forward it along to the hubs: Let Your Kids Suffer. They’ll Be Better Off.
Don’t forget to enter our awesome $900 giveaway! You can also find me lurking here:
Have a great weekend, everyone! Are you pledging to do something nice for yourself over the next few months? Did our student loan totals make you feel better about yours? 😉