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Author Topic: Hurt so Good - Loan paid off!  (Read 3757 times)

Retireme32

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Hurt so Good - Loan paid off!
« on: December 05, 2013, 10:21:34 AM »
I just  bit the bullet - took Mr. Money Moustaches' advice and pretended like my debt was the equivalent of my hair being on fire and I took my paycheck today and put almost all of it toward a single debt and paid it off.  Ooh, it hurt.  BUT- - nothing like knowing i'm gonna start 2014 with one less monthly installment.  Can  I get some Mustachian love on this one please! 
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Greg

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Re: Hurt so Good - Loan paid off!
« Reply #1 on: December 05, 2013, 10:27:44 AM »
Nice job.  I did that last month with one of my on-going credit cards (big orange box store) and it felt so good once I recovered from the shock.  One less bill to pay, and now I'm putting less on account at my supplier (I'm a contractor) as well, I just pay with my debit card instead.  This meant that last month's payment to the building materials supplier was hundreds not thousands.
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BPA

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Re: Hurt so Good - Loan paid off!
« Reply #2 on: December 07, 2013, 04:51:45 PM »
What a great feeling!  Congratulations!
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lbdance

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Re: Hurt so Good - Loan paid off!
« Reply #3 on: December 07, 2013, 09:36:43 PM »
Congratulations. A great way to prepare for the new year. Whats your next plan?
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MariaSouth

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Re: Hurt so Good - Loan paid off!
« Reply #4 on: December 07, 2013, 09:49:45 PM »
Bravo!!!!!!!! That must feel sooo good!!! You should be proud of yourself for taking that step.
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payitoff

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Re: Hurt so Good - Loan paid off!
« Reply #5 on: December 07, 2013, 11:07:29 PM »
good for you! congratulations! i am about to do this too, cant wait for payday
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FIreDrill

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Re: Hurt so Good - Loan paid off!
« Reply #6 on: December 08, 2013, 12:38:04 AM »
Congrats! Way to set yourself up for an amazing 2014 year!
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Retireme32

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Re: Hurt so Good - Loan paid off!
« Reply #7 on: December 09, 2013, 11:09:31 AM »
To lbdance,

My next step is a hard one - I want to get rid of my PMI on my rental house - it's $233 at 6% interest rate and I need to pay $1700 a month consistently for 10 months to get rid of it but I have to do it to help move my rental into the black  b/c right now it's still in the red and I have two other student loans to pay off and I could pay one of them off sooner than the PMI but financially it makes more sense to do the PMI first. It just means a long time before another great feeling like this one.  Oh well, October 2014 here I come!  :)  That'll be a great day too!
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reginna

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Re: Hurt so Good - Loan paid off!
« Reply #8 on: December 09, 2013, 12:37:34 PM »
Congrats and good for you! Oct 2014 is right around the corner. You can do it!
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Retireme32

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Re: Hurt so Good - Loan paid off!
« Reply #9 on: December 09, 2013, 06:35:10 PM »
Whoops! I miscalculated on the PMI big time, not sure how I did that but now that looks like it might not be possible by Oct 2014. Maybe I can get a job to help speed things along. Not ready to give up that date yet, had it stuck in my head for quite a while....
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Luck better Skill

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Re: Hurt so Good - Loan paid off!
« Reply #10 on: December 10, 2013, 01:16:45 PM »
Good luck on pounding down that PMI.  Keep on the roll.
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Wow, a phone plan for fifteen bucks!