July 2017 Debt Report | pay off debt | debt repayment | student loans

July was a bit of a whirlwind, at the beginning of the month I was panicking because clients were being slow to pay me, so I took on a temporary gig that involved me spending 40 hours a week at an office. The money was good but it has been tough to balance doing that work and keeping up with my freelance work and blogging. However, I'm hoping that putting in this work now will help me to make more progress on my debt later. So without further adieu here is my July 2017 Debt Accountability report.

July 2017 Debt Accountability Numbers​

Car Loan: $4,859.44 difference: +$238.05

Bar Loan: $8,393.38 difference: +$54.75 Refinancing has helped to have more of my payment go towards the principal. This progress is just due to regular payments.

If you have private loans or your debt to income ratio allows, consider refinancing with a company like SoFi. Learn more about what it's like to refinance with Sofi. Refinancing my bar loan with SoFi ended up saving me over $1,000. Use my link to refinance your student loan and you'll get a $100 bonus. 

Student Loans: $256,937.81 difference: -$1080.09 This is just gross. Sadly IBR doesn’t even cover the interest. PSA: Don’t go to law school kids, my original student loan balance was about $193k.

Visit my Debt Reports page to see my progress since 2014​

SMART Goals for July 2017

  • $5k in income Fail but it looks like I'll be hitting this goal in August
  • Finish Unit 6 & 7 of EBA for LDMW, a strech for sure. Complete Unit 4, 5, &6 for Elizabethstapleton.com Draw I've been working hard and I've made progress but I'm not sure these are units you ever really finish. Though I can say I'm no where near done for elizabethstapleton.com
  • Get car loan below $4,900 Pass 

Smart Goals for August 2017

  •  Pass $5k income I'm still chasing this goal
  • Get $2k saved up (I've got some a bunch of expenses coming up in September and I got to save up for them)
  • Meal plan all month (When I picked up this temporary gig I meal planned and it's helped me keep my grocery costs down and allowed me to eat delicious meals with little effort throughout the week.) with a grocery budget of $200.

That is it for my July 2017 Debt Accountability Report! What are your goals and how are they going so far? Let me know in the comments


Liz is a writer for hire, specializing in personal finance, entrepreneurship, and legal issues. She shares her own journey to debt freedom and helps graduates dealing with above average student loan debt on her site, Less Debt More Wine. She currently resides in NC after calling Massachusetts home for nearly a decade.

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Brittany - August 9, 2017

Refinancing my law school loans and FINALLY being able to pay principal has been wonderful. IBR was a lifesaver for me while I used it, but all of that accrued interest is so painful.

    Liz - August 9, 2017

    Congrats on making so much progress! I look forward to the day when I’m off IBR, I hate how much my loans continue to grow because of it. Curious are you using your law degree? I’m not really using mine, so the debt just sucks at this point.

Matt - August 3, 2017

Keep up the good work. I was feeling a little unmotivated this past month. It feels like my debt is just not budging 🙁

    Liz - August 3, 2017

    I know the feeling. Just keep going, we’ll both get there eventually. 🙂

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