Author Topic: Last payment on my student loans!!  (Read 1494 times)

11ducks

  • Pencil Stache
  • ****
  • Posts: 507
  • Location: Duckville, Australia
Last payment on my student loans!!
« on: February 12, 2018, 12:42:34 AM »

Today my last student loan payment was deducted. $50,000 paid over 6 years, its been a slog but its done!!! Almost $380 extra to throw towards my stash/investments every month!

Cheaper beans...CHEAPER BEANS! - dagiffy1

former player

  • Magnum Stache
  • ******
  • Posts: 3149
  • Location: Avalon
Re: Last payment on my student loans!!
« Reply #1 on: February 12, 2018, 01:36:14 AM »
That's a big deal.  Congratulations.
Be frugal and industrious, and you will be free (Ben Franklin)

11ducks

  • Pencil Stache
  • ****
  • Posts: 507
  • Location: Duckville, Australia
Re: Last payment on my student loans!!
« Reply #2 on: February 12, 2018, 03:54:41 AM »
Thank you, it feels like it took forever! I'm super excited to see my net worth really ramping up!
Cheaper beans...CHEAPER BEANS! - dagiffy1

HappierAtHome

  • Walrus Stache
  • *******
  • Posts: 7274
  • Location: Australia
Re: Last payment on my student loans!!
« Reply #3 on: February 12, 2018, 04:17:36 AM »
That's huge! Congratulations!

MrsDinero

  • Pencil Stache
  • ****
  • Posts: 868
Re: Last payment on my student loans!!
« Reply #4 on: February 12, 2018, 05:31:52 AM »
That is wonderful!  Congrats!!!
~~Mrs. D.

RWD

  • Handlebar Stache
  • *****
  • Posts: 1945
  • Location: Mississippi
Re: Last payment on my student loans!!
« Reply #5 on: February 12, 2018, 07:31:13 AM »

DapperD123

  • 5 O'Clock Shadow
  • *
  • Posts: 23
  • Location: Florida
Re: Last payment on my student loans!!
« Reply #6 on: February 12, 2018, 08:38:22 AM »
Congrats!!!
USAF

Nancy

  • Pencil Stache
  • ****
  • Posts: 855
Re: Last payment on my student loans!!
« Reply #7 on: February 12, 2018, 08:41:36 AM »
Congrats!

beattie228

  • 5 O'Clock Shadow
  • *
  • Posts: 22
Re: Last payment on my student loans!!
« Reply #8 on: February 12, 2018, 10:32:59 AM »
Congratulations! Huge milestone.

Livingthedream55

  • Bristles
  • ***
  • Posts: 374
  • Location: Massachusetts, USA
Re: Last payment on my student loans!!
« Reply #9 on: February 12, 2018, 10:45:38 AM »
Way to go!!!!   : 0 )



caseyzee

  • 5 O'Clock Shadow
  • *
  • Posts: 95
Re: Last payment on my student loans!!
« Reply #10 on: February 12, 2018, 10:55:52 AM »
Congratulations, well done!

Nick_Miller

  • Pencil Stache
  • ****
  • Posts: 550
  • Age: 44
Re: Last payment on my student loans!!
« Reply #11 on: February 12, 2018, 10:59:09 AM »
Well done, good sir, or good madam! Or...I guess there are other options too.

I can't imagine how freeing that feels!

Jeff K

  • 5 O'Clock Shadow
  • *
  • Posts: 11
  • Location: Vermont, USA
    • infiBudget
Re: Last payment on my student loans!!
« Reply #12 on: February 14, 2018, 11:59:27 AM »
Great Job!
Budgets can be better:

https://infibudget.com/

Mrs. Rocker

  • 5 O'Clock Shadow
  • *
  • Posts: 43
    • Off Our Rocker RV
Re: Last payment on my student loans!!
« Reply #13 on: February 14, 2018, 08:19:39 PM »
Woohoo! Congrats.
Living and loving our crazy RV life. www.offourrockerrv.com

GOFU

  • Stubble
  • **
  • Posts: 170
Re: Last payment on my student loans!!
« Reply #14 on: February 17, 2018, 08:08:06 AM »
Nicely done. Take another duck out of petty cash.

comicguy

  • 5 O'Clock Shadow
  • *
  • Posts: 10
Re: Last payment on my student loans!!
« Reply #15 on: February 18, 2018, 12:31:56 PM »
Awesome!!!

Candace

  • Bristles
  • ***
  • Posts: 445
  • Age: 51
  • Location: Hampton Roads, Virginia
Re: Last payment on my student loans!!
« Reply #16 on: February 18, 2018, 01:05:07 PM »
Great job! Enjoy the increased cash flow!

marty998

  • Walrus Stache
  • *******
  • Posts: 5373
  • Location: Sydney, Oz
Re: Last payment on my student loans!!
« Reply #17 on: February 20, 2018, 12:45:13 AM »
Nicely done 11ducks! HECS paid off is a wonderful feeling!

Enjoy the bigger pay packets.

Minnowstache

  • Stubble
  • **
  • Posts: 167
Re: Last payment on my student loans!!
« Reply #18 on: February 20, 2018, 01:07:15 AM »
Woo hoo!

mustachepungoeshere

  • Handlebar Stache
  • *****
  • Posts: 2226
  • Location: Sydney, Oz
Re: Last payment on my student loans!!
« Reply #19 on: February 20, 2018, 01:23:33 AM »
Awesome news! Well done!

Finances_With_Purpose

  • Bristles
  • ***
  • Posts: 398
    • Finances With Purpose: deploying resources wisely to live vigorously
Re: Last payment on my student loans!!
« Reply #20 on: February 22, 2018, 11:52:50 PM »
Congratulations!  This is the point where the tide turns in your favor...

11ducks

  • Pencil Stache
  • ****
  • Posts: 507
  • Location: Duckville, Australia
Re: Last payment on my student loans!!
« Reply #21 on: February 23, 2018, 03:31:26 AM »
Thanks guys, am very excited! Now to buckle down, pay off the house and stash cash into investments, and then freedom!
Cheaper beans...CHEAPER BEANS! - dagiffy1

Arbitrage

  • 5 O'Clock Shadow
  • *
  • Posts: 96
Re: Last payment on my student loans!!
« Reply #22 on: February 28, 2018, 04:20:02 PM »
Nice!  We're in for the long haul on DW's grad school loans.  We were able to consolidate about 2/3 of them right after graduation into a 1.625% fixed rate, with a payoff around 25 years, and haven't paid an extra dime.  The other 1/3 (variable interest rate, starting off at a very high rate) we did accelerate and paid off in about 3 years. 

As for the house...meh.  If I get my way, we won't actually pay it off until we sell to move to a lower COLA at FIRE, at which point I hope to use the equity to purchase our new house outright.  TBD if that's doable; accelerating payments somewhat but putting the bulk of our excess savings toward investments to ensure that we'll have the 5-year Roth IRA bridge sufficiently funded. 

2microsNH

  • 5 O'Clock Shadow
  • *
  • Posts: 39
Re: Last payment on my student loans!!
« Reply #23 on: March 01, 2018, 04:52:04 AM »
Way to go, 11ducks! I paid off my student loans almost a year ago, at age 47. It was a huge weight off my shoulders. Enjoy the feeling (and the extra stache)!

Gone_Hiking

  • Stubble
  • **
  • Posts: 167
  • Location: Arizona
Re: Last payment on my student loans!!
« Reply #24 on: March 03, 2018, 08:59:21 PM »
Well done.  Congratulations.  I bet it feels amazing!

Just Joe

  • Handlebar Stache
  • *****
  • Posts: 1845
Re: Last payment on my student loans!!
« Reply #25 on: March 12, 2018, 03:32:29 PM »
Congrats!!! Now tell the non-MMM world too. They could use the encouragement and living example that it can indeed be done in a reasonable period of time.