January 2010 Status: Every Penny Counts

This month seems to be going pretty well.  Right out of the gate I paid my first student loan payment but am waiting on their approval of my deferment.  If that is approved I’m golden, I’ll just keep making my payments each month and move right along with lowering that debt.  If it is denied, bluntly speaking, I’m screwed.  I would then owe almost a year’s worth of back payments to avoid a chargeoff.  I went ahead and made a  payment on the student loan to hopefully show them good faith….we’ll see.

I paid both of my credit cards this month as well and scheduled another payment for next month on the small credit card I tend to forget about.

So far, so good.

1 month down, 11 to go….

Student Loan: $18,943.78

Credit Card: $8224.85

Credit Card: $305.45