Wow, 2015 was an incredible year for me. I landed my first “big girl” job as a 5th grader teacher in May, graduated with my masters in August, and started my first year of teaching in September. Of course, I also started this blog. When I started this blog back in July I was truly planning to mostly post about my first year of teaching. I figured it would be a nice outlet for the stress I knew I would be dealing with. However, in the last year, I have found a passion for personal finance and have found myself blogging much more about that. Especially when I have this massive amount of debt weighing me down each day.
I did create a solid plan to pay down my debt this year once I started working, which has helped me almost double my monthly loan payments so far. In 2015, I was able to get my largest loan with the highest interest rate down to 78% paid off. I have been working towards paying off that loan since I was in grad school, so seeing that high paid off percentage is very motivating!
I have a lot planned for 2016, and it might be a little too much to be honest. My plan is to make 2016 a productive year for me. I want to find myself always actively doing something, whether it be school work, blog work, being with friends, whatever it is, I don’t want to be complacent. I want to push myself harder and do more than I ever have before. My goal is to make $2,700 loan payments each month, which is a bit of a stretch for me. This requires me to figure out ways to save and make more money. Which is another goal I have for this year.
I strongly believe in goal setting and I feel that it keeps you motivated knowing you are working towards something. Whatever it might be, I suggest making mini goals to reach your big goal, this makes it more likely that you will succeed and make the task less daunting. For example, I picked $2,700 a month for my loan payments because I want to have my loans completely paid off by the time I turn 31. This might sound crazy since I still have about $185k in student loans, but it’s possible if I work hard and keep my goal in mind. So, what are your goals for 2016 and how do you plan on accomplishing them?