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Debt update, taxes, and a surprise bargain

February 4th, 2021 at 08:33 am

My regular payment and extra payment posted to the student loan for February, and the current balance is $34,849.90.

Daily interest is down to $3.06/day. According to my tax documents, I paid $2,532.49 in interest for 2020. Ouch, but this would have been WAY more if I hadn't refinanced last January from federal loans at 6.8% to a private loan at 3.2%. At this time last year I was paying $11.59/day in interest. It is starting to feel like an end is actually in sight.

I have been doing some extra work that should be $500 before tax, but will be paid out quarterly (in a few months). 

Speaking of taxes, I suspect I will have to pay something, but am hoping it will be less than the $8K tax bill last year! I have been saving some extra cash for this year just in case, so if I don't owe a lot I may be able to move that over to debt. 

 

In other news, my laptop suddenly died, as in wouldn't turn on at all. I took it in and something in the charging mechanism broke, which they said would cost so much to fix it wouldn't be worth it. Being computerless was definitely not an option with multiple pressing work deadlines, so I went to Best Buy to look at laptops. I found a reasonable model that had what I am looking for there for $620, but they didn't have it in stock. Since I couldn't afford to lose a day of work time waiting for something to be shipped, I decided it was worth at least checking at another local store that carries a very small number of laptops and found the same model there on clearance for $420! It's not damaged, it was on clearance because they are making room for this year's newer model that is coming out. 

2 Responses to “Debt update, taxes, and a surprise bargain”

  1. Wink Says:
    1612445991

    That's a great deal on the laptop! You are making really great progress on your student loans.

  2. rob62521 Says:
    1612736004

    Great job on getting the laptop! Keep working on the student loans. You rock!

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