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Another Mini-Milestone!

June 28th, 2011 at 12:52 am

Just updating my sidebar for this month (I use the last day of each month to keep track of my balance). I'm so excited because I can now say I owe UNDER $5,000 in credit card debt, woo-hoo! And I've paid off almost 63% of the amount I started with ... it's taken almost 3.5 years to do it, but I'm so happy that I've stuck with it and made the slow but sure progress that is shown here. I can't wait for my next mini-milestone of 75% credit card debt paid!

I recently received a letter from my apartment complex telling me that I'm due to sign another one-year lease by September 8, and that my rent will be going up 7% ($79/month more). Frown I was not at all happy about that, since I've lived here 2.5 years, have been a good tenant, and have not once been late on the rent. So I asked if they might possibly work with me on that amount, in light of my record as a tenant ... and they agreed to raise the amount by only 4% ($45/month more). I'd still prefer it not to go up at all, but I didn't realistically expect that to be the case, so I'm happy they lowered it as much as they did. I looked at moving instead, but that would be an even more expensive endeavor, especially since I'd have to buy at least a washer/dryer anywhere else I would go. (My complex provides the washer/dryer AND refrigerator in each apartment.) All the apartments around here are at least what I pay for mine, if not more. I also thought about downsizing to a 2-bedroom, but that wouldn't save me very much because of the "special deal" I have on my current apartment ... besides, my son still has another year and a half to go before he graduates from college, and I like him to have his own room when he comes home for winter and summer breaks. Maybe when both kids are gone I can look at getting a 2-bedroom place ... but that's a couple of years down the road!

My son just got hired on for a summer internship at a great company, so we are thrilled about that! He worked hard to find something like that before summer started, but he didn't succeed. He did get lucky enough to get a job in a shop nearby, though, so he's been able to work for the last month ... and last week he got a call from one of the companies he'd applied for an internship with, and they asked him to come interview for a spot which will be opening up because one of the four interns they hired neglected to tell them about the two or three vacations he has planned this summer (LOL). So he interviewed this morning, and they called him this afternoon to offer him the job! He will be making almost twice as much as he's making now, plus getting great exposure in the field of his major (Mechanical Engineering). I'm so happy for him!! He has worked so hard and really deserves this. I wish the opportunity had come a month earlier, but I'm so happy it has come now.

I'm going to take a moment here to brag a little about my son, who has just completed his third year at Texas A&M. He has gotten no financial help from his dad or me ... he's done it all with scholarships, grants, and loans ... and after getting his financial aid package for his fourth year squared away recently, he only has $25,000 in loan debt TOTAL!! He won't graduate until December 2012, so he will still need to add a bit more to that total before all is said and done ... but from all I've read here and heard from people who have student loan debt, $25,000 in loans for 4 years of college is pretty darn good! He worked two jobs this past year, besides taking a full course load, and he still managed to make the Dean's Honor Roll both semesters. So you can understand why I'm so proud of him and say that he really does deserve that internship!!

My 16-year-old daughter has been job hunting for MONTHS and has found NOTHING. Some of her friends have gotten jobs, so there are some out there, but it seems like the ones who have gotten jobs have been in the right place at the right time. I keep telling her to hang in there, something will come along, but it's hard for her not to get discouraged ... especially now that she's had a few weeks out of school and the boredom has set in!

Thanks to those of you who made such encouraging comments after my last post. It really does help to get that positive reinforcement!

3 Responses to “Another Mini-Milestone!”

  1. creditcardfree Says:

    Congratulations on your lower credit card balance! That is awesome. And yes, you should be very proud of your son.

  2. Buckeye Says:

    You should be proud of yourself.
    One of my granddaughters will attend Xavier U. this fall. She was told to expect to take loans of $8,000. each year.

  3. Jerry Says:

    25k after 4 years of university is excellent! You should be very proud of him, and it sounds like his hard work will lead to some insurance of a bright future for him. He obviously has a good head on his shoulders... Smile Jerry

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