I’m finally getting around to posting my progress report for the month ended November 30, 2020. Better late than never, I suppose! Overall, it was a solid month especially considering multiple family birthdays in the month plus the start of Christmas shopping.
November 2020 Results
Here’s the comparison month-over-month from October to November:
|Student Loan||Card 1||Card 2||Card 3||Card 4||Card 5||Total|
Overall a solid result. I have been focusing my spending on Cards 1 and 5 for various reasons, so at least it’s easier to see where things are going. I’m using Card 4 for my side hustle expenses to help keep them separate from my personal ones.
I haven’t really discussed the student loan much, but it’s from law school (and this is the balance after 12 years of payments). Even with scholarships, I needed the loans. But I consider myself lucky: I know other law school grads who easily had twice the loan balances I did upon graduation.
I actually had 4 or 5 separate loans issued because of how the program worked at the time and have been able to pay off all but 2 of them. I have always paid more than the minimum – even if only by a few dollars – and it’s very satisfying to see the numbers drop over the years. The interest rates on each are quite low – I paid off the higher interest ones first – so I’m currently OK with paying a bit over the minimum for now while I focus on the higher interest credit card balances.
Even with the coming holidays, I was able to maintain overall progress for the month. My next report will include both my month-over-month status as well as a review for 2020 overall.