I made some pretty amazing strides against Navient #9 this past month. It feels amazing knowing the principal is going down, and seeing the way my regular monthly minimum payments are being applied and are already starting to change as a result of my hard work.
On December 1st 2017 my first increased minimum payment of $217.42 applied, and all of it went to interest. On January 1st 2018 $212.76 of my $217.42 went to interest and $4.71 applied to principal.
I’m excited to see how this changes over the next few months as a result of paying Navient #9 off and moving on to Navient #1, both of which are high interest low balance loans.
- $104.29 Paycheck
- $31.29 Saved for Taxes
- $30.00 Gas
- $50.00 Sent to Navient!
- $198.40 Paycheck
- $59.52 Saved for Taxes
- $30.00 Gas
- $100.00 Sent to Navient!
I was bummed this week because I had to stay home for a day due to icy road conditions. My first two orders of the week only paid $7 each with no tips, so I was really upset wondering if all of winter would be this way.
But the next day the roads were much better so I got an order on schedule and was able to pick up an extra promo order that same night.
The weekend was incredibly busy, and I actually broke my record of the most money I’ve ever made in a week with Shipt! Take THAT, snow!
- $200.73 Paycheck
- $60.22 Saved for Taxes
- $30.00 Gas
- $ 100.00 Sent to Navient!
Since we had to cancel our trip to Puerto Rico, I had 40 hours of vacation time saved up at my full time job that I couldn’t roll over to 2018. I decided to take off Mondays and Fridays for the rest of the year because those are the busiest Shipt weekdays.
Monday, December 11th had blizzard-like conditions just after I dropped my daughter off at school. I sat around at home dejectedly until it let up around noon, so I took some orders then. At 6pm the conditions got bad again so I stopped. In those 5 hours I made $68.81 plus $20 cash tips! This is in addition to what I was making at my day time job for my paid time off!
I set aside any cash tips I receive in my Savesaurus Rex box. I’ve never touched them, and I’m not sure how much money is in there currently. My guess is around $100. I don’t really have a plan for my cash tips yet. I might save them until tax time when I see how much if anything we owe to the IRS. At that point I’ll probably combine it with my Savings – Taxes account and make a big payment to Navient.
Part of me thinks I should clean it out December 31st, save 30% of it for taxes and send the rest to Navient. It doesn’t amount to much right now since I just started Shipt in September, but next December 31st should be a whole year’s worth of cash tips assuming I keep Shipting so it could become a sizeable amount. Do you have any thoughts?
I took that Saturday off to help my mom move in to her new home. If I had worked this day as well, I might have made more than $250!
- $162.46 Paycheck
- $48.74 Saved for Taxes
- $15.00 Gas
- $100 Sent to Navient!
This was the week that I decided I was putting Shipt and my student loans over my own family and taking care of my home. I vowed this week to stop doing that. Read more about my thought process regarding that here.
However, I still had taken time off from my full time job so I decided that I would go ahead and Shipt my regular work hours and not feel guilty about it. But I ended up helping my mom buy and install new appliances in her home a couple days this week so I wasn’t able to Shipt as much as I could have.
Due to that, I made only a little extra money but I also didn’t drive as much so I didn’t need as much gas as usual, either.
At the time of writing this post, December 29th I have just used the last of the vacation days at my full time job while still rolling over the maximum amount of hours I’m allowed for 2018. We should see a big reduction in the amount of money I’m able to put toward Navient every week but we will have a much happier home and better relationships because of it. I’m okay with that trade off.
I was able to send $350 total extra to Navient in the month of December! Hey, it looks like I finally have the timing and posting of payments worked out. We are down to a balance of $590.06 for Navient #9.
Since I am planning on slowing down the side hustle, I think I will be paying an extra $150 per month from now on. That means it will be around March or April when this loan is paid in full. That’s a little disheartening but like I said above, having a happy home life more than outweighs the disadvantage.
I hope you will join me next month for another review of how I am attacking my student loans.