“After my May spending report, that “student loans” line item is going to disappear and I’m incredibly, incredibly happy about that.
But my first and primary instinct after saying that is to immediately downplay the significance of that accomplishment. Because I didn’t pay off $50,000 or $30,000 or even $15,000 worth of student loan debt four years after graduation. In fact, I had less than five figures of student loan debt—my total loan amount came to about $7,000.
So I graduated with “only” about $7,000 in loans. Compared to people’s stories about paying down $10,000-$20,000 of debt a year, taking multiple years to pay mine off seems laughably insignificant. And I got a massive $1,500 gift a few months after graduation. So really it was more like $5,500, which makes my pace even more embarrassingly glacial.”
In her own words: “II’ve heard “I Dreamed a Dream” approximately one thousand times…but I guess I never paid too close attention to the lyrics. This time, while listening to it, I couldn’t help but think “damn, girl. Your life is one giant shit sandwich and you’ve got zero options.””
Dogged determination and flexibility (Javert). Kindness (or lack thereof from the Thénardiers). The need for a backup plan (Fantine). These are just some of the parallels between Le Mis and personal finance that Erin draws. Go read her post for and explanation of these and other thoughts on some financial lessons that we can all learn from Les Misérables.