Nice update from Girl Meets Debt. The sum of her personal loan and student loan is now under $50,000!
“I haven’t been under the $50k mark in years!!!” she exclaims.
She admits that it’s tough to find the energy to stay on track with as much debt as that. Judging by her numbers at the end of April and the end of May, it looks like she’s poised to gain a lot more momentum. Her personal loan is now only about $5,300 after knocking nearly $1,400 off the balance this past month.
Getting rid of the lowest balance first is a great strategy because it frees up the payment and lets you pay down the other debts faster.
Keep up the good work, Girl Meets Debt!