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Debt Free Journey – Month 30

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It's been a few months since the last update. 

It's 30 months now into our debt free journey and we have:

  • $16,000 left in student loans
  • $8,144 left for a family loan

 There are a lot of talks now in the government about student loan forgiveness. 

I don't know about you, but I plan to wait and see if they push any forgiveness during this time. There's talks of $10,000 or $50,000 forgiveness. 

From all the articles I've been reading, it seems as if it'll be leaning more towards $10,000 of forgiveness. 

If you also hold federal student loans, you may also have the option of having the loans in forbearance, which extends any payment due till November of 2021. 

I plan on holding off on any payments towards my loans until then. 

That money can go towards more important things like savings, running this site, and more. 

What about you? 

Are you taking advantage of forbearance? 

If you are, then you should have some money freed up each month. 

Use that money that would've gone towards your student loans and save it for an Emergency Fund, if you don't have one. 

Or, you can use it to start chipping away at your debt. 

As far as our debt progress goes, it's pretty much going to be a standstill until November. 

Hopefully, we'll all get some student loan debt relief by then! 

I'll keep you updated with any further news, thanks for following!

About the author

Hi everyone! I'm Jina the creator and founder of My Financial Hill. I was inspired to start this blog to help others reach FINANCIAL FREEDOM after our success in paying off over $100,000 in 24 months. I want to share everything I know about the debt paying process with you all because it doesn't take huge sacrifice, working 80+ hours a week, eating rice and beans, or never traveling. I'm here to show you how to find your own groove to become DEBT FREE !

Jina 


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