June 27, 2017 Alicia Castro

I did it, I am finally debt free.  I am super excited!  I used my travel and emergency savings to pay off the debt.  My vacation in Spain is now postponed until next year.  It sucks that I can’t travel this year but at least I get to save up.  I paid off $48,000 of student loan debt in 2 years and a half.  Paying this debt wasn’t easy at all.  First, I want to thank my mother and my brother for encouraging me to continue to make large payments. Three years ago, I hated my life.  I drove 5.5 hours to…

June 14, 2017 Alicia Castro 1Comment

Progress – June 13, 2017   Total balance remaining is $7,021.95   OMG!!!  Below is a thermometer I created to keep track of how much I have paid since November 2014 This time I managed to pull together a total payment of $2,000. I cannot believe that I paid off $40,979 in 30 months!  Not bad for a person who earned a bachelor and a master’s degree in 6 years!  I know that it’s hard to save as much as you can.  Especially if you’re earning a minimum wage salary.  It is not possible.  If I can do it, so can you!  But…

May 23, 2017 Alicia Castro 2Comment

 Progress – May 08, 2017   Total balance remaining is $8,996   😀  Below is a thermometer I created to keep track of how much I have paid since November 2014 Betsy DeVos plans to take away the Student Loan Forgiveness Program.  This will affect more than 500 million individuals who expected to get their loans discharged in October 2017.  Many people who work in the nonprofit sector and federal advised me to pay as little as possible and have my school loans forgiven 10 years afterward.  I don’t like the idea of waiting a decade just to have my loans forgiven,…

May 8, 2017 Alicia Castro

Progress – May 08, 2017   Total balance remaining is $10,968   😀  Below is a thermometer I created to keep track of how much I have paid since November 2014 I joined the Gift of College program.  Gift of College is basically a gift registry for college saving 529’s and student loan accounts that allow students or parents to register their college savings account to use toward a student’s college education.  Friends and family can give donations online or purchase an actual gift card to use toward a student’s college education.  It took me many months to research this program and cannot…

April 14, 2017 Alicia Castro

Progress – April 13, 2017   Total balance remaining is $11,972.95   😀  Below is a thermometer I created to keep track of how much I have paid since November 2014   Wow, my new student debt balance is $11,972.95.  I cannot believe that I paid over $36,000 in 30 months!  30 freaking months!  Unbelievable!  That’s 75% of the $48,000 I was carrying when I first started making payments. I look back and remember the days I couldn’t sleep.  My student loans used to stress me a lot and I refused to let it take over my life.  I needed to figure out how to maximize…

March 28, 2017 Alicia Castro

Progress – March 27, 2017   Total balance remaining is $12,958.47 Below is a thermometer I created to keep track of how much I have paid since November 2014 A lot happened this Month.  I used 50 percent of my emergency savings to fix my car, purchased new tires which should last 3-5 more years before getting a new car.  My priority is to get rid of my school loan.  Last week I went for a dental checkup.  Everything came out great until I was told I needed braces.  I always knew that someday I would wear them and the…

March 3, 2017 Alicia Castro

February Survey Progress: Last month I didn’t do much on surveys compared to January.  I did get a call to participate as a backup for an Online Shopping Usability Session early morning.  I decided to give it a shot and signed up for it.  Normally I would not sign-up as a backup but I was off that day.  Sweet!  I didn’t think I was going to get a call so I didn’t bother to set up my alarm clock.  I was wrong!  Big mistake!  I did get the call and had less than 5 minutes to get ready.  Let’s just…

February 15, 2017 Alicia Castro

      Welcome to February Debt Free income report.  This post may contain affiliate links.  I’ve been reading a lot of articles that explain how much money people can make by doing gig jobs, babysitting, and landscaping. Personally, I don’t know anything about construction or landscaping.  I wish I knew how to do these jobs to make more money and pay my school debt quickly.  I don’t have time to do side hustling jobs.  I know how to make more money without the need to overwork myself which I will share my skills in this post.  I complete research study surveys…

February 1, 2017 Alicia Castro

Wow, I cannot believe this month is almost over.  Today I submitted $1,110 payment to Great Lakes, my student loan server.  In the past, I used to submit my payment online using an automatic monthly withdraw.  I decided to follow a different path because I noticed the lowest balance never got paid off.  Instead of getting rid of the smallest student loan, my Great Lakes decided to split the payment with the rest of the loans I had yet to pay off.  It seemed impossible to get rid of the smallest loan and it drove me insane.  So whenever I’m…

January 23, 2017 Alicia Castro

  I have a bachelor’s degree in Sociology and Pre-Law from the University of California, Riverside and a master degree in Public Administration from the University of La Verne.  I borrowed a total of $42,125.  Unfortunately, I was unemployed for a year and my debt increased to $48k. That’s when I realize I needed a plan to pay it off quickly.  Despite feeling the pressure of being unemployed, I changed my job search skills and started doing more research how to get hired in the federal system.  I submitted my first payment in November 2014 after getting hired as an…