After probably six years of making minimum student loan payments on the super extended repayment plan... my wife and I finally made a $3500 payment to the highest interest rate student loan we had.
My wife and I both have sizable student loan amounts, totallying about $70K. All of it federal stafford loans. We've never thought about spending or where our money was going. To make things easy, we both had our loans on extended repayment plans, barely making a dent in them with each minimum payment. Two kids later and we just never really got there with the student loans.
With my wife going back to school for a Ph.D. program, we actually needed to start paying for day care, and I realized our annual income wouldn't go as far. Some how, I ended up here, with all of you mustachians. After some consideration, we sold our second car (that we owned for 10 months and only had driven 1200 miles). Took the money from the sale of it and the left over from starting to curb out spending and was able to make a significant debt in them.
This is just the start to our journey, which we hope to have a large enough 'stache for us to retire sometime around 2030.
