November 2016 Debt Update

This post may contain affiliate links. Feel free to view my disclosure here.

november 2016 debt updateWhat’s going on everyone? I hope you had a great Thanksgiving holiday. It’s time to get back to work now. Today I want to share with you my debt update for the month of November.

November 2016 Debt Update

My total debt went from $67,509.80 to $67,197.55. That was a decrease of $312.25. That was better than October and September. Decembers update will be nice as well. I have an affiliate payment and a new client to add to the side hustle income.

The Numbers

Loan 2 – Down from $5800 to $5779

BOA Credit Card – Down from $750.15 to $569.78

Chase – Down from $1770 to $1745

Navient – Down from $24,326.40 to $24,244.25

Nelnet – Down from $34,862.45 to $34,859.32

My Bank of America credit card is the lowest that it’s been in 9 years. That right there is a huge accomplishment for me. By the time you read this post, it will probably be a little smaller. Not going out of town helped me out this month. I was able to put a lot of money towards the debt. I’m excited for December and the upcoming year.

Seeing my payments go toward interest sucks. I know that next year I may call Nelnet to get my payment raised. This loan isn’t going down at all because my monthly payment is very small.

Previous Debt Updates

January 2015 (The Beginning)

August 2016

September 2016

October 2016

You can view all of my debt updates here.

How is your debt repayment going? Are you having problems with anything?



  1. Good job with the repayment this month! It’s a bummer that so much of your payments are going to interest, but it looks like you are doing a great job earning extra to make additional payments!

    1. Thank you. It has been an interesting process. I’m thankful for the extra income that I’ve been able to make.

  2. Great job on getting your BOA card down!

    We just paid off our last credit card last month. We don’t have much of an emergency fund saved up, though, which we’re going to prioritize first before paying off any more of our debt.

    It sucks that I won’t be making any extra debt payments for a while like I want to, but the emergency fund will help – especially since I just found out that I’ve reached a yearly cap on how many hours I can work at my job and I’ll be temporarily laid off next week! Thank god for freelance writing – I don’t know what I’d be doing without it!

    1. Congrats on paying down your credit card. That sucks about your job temporarily laying you off. Freelance writing is a life saver.

  3. Nice to know the progress you’ve made in your loan repayment. Though, am reading this blog to make certain decision concerning students loan.


  4. Nice job Jason! My debt repayment has been moving along nicely. Also just realized I am six years out of college in a month – holy crap! I’ve actually stuck to minimum payments as I used $ to invest instead. Some disagree with this approach but it’s worked out for me. I may get a bit more aggressive next year and/or refinance at a very low rate.

    1. That’s good that your repayment is moving good. I’m thinking about refinancing some things next year as well if it will save me money.

  5. Jason, that BOA is making me crazy! Get rid of that one before December 31st. I want to read that post.

    1. That was always the plan Michelle. I can guarantee that it will be paid off a couple of weeks before that.

  6. Dude kill that debt! I’d especially start slaying those small under $1000 debts. They’ll feel like small SUV’s lifted off your shoulders. Way to stay home and save more money. For a few years we lived like a McDonald’s Mcmuffin was a big purchase to us. That mindset was extreme but it led us to being debt free with six figures in assets in only a few years. Keep it up and you can find your dreams.

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