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Author Topic: Paid off $2500 today! Only <$700 left of 24k student loan  (Read 2671 times)

MBot

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Paid off $2500 today! Only <$700 left of 24k student loan
« on: January 02, 2015, 09:43:35 PM »
Our smallest of 3 student loans was 24k. We have been able to put 800-1900 (edit- 800-1900 per month!) towards it with my variable income, as well as paying $600 a month on other student loan minimum payments.

In December, even with Christmas and travel to see family (which we saved for during the year) we were able to put 2/3 of our month's income towards paying off the loan. I got extra shifts and sold some extra things at local markets plus a few nice Christmas bonuses.  $1000 in early December, and today after taking what's left over, another $2500 from December!

There's now just a few hundred dollars left and it will be gone later this month!
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nzmamma

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Re: Paid off $2500 today! Only <$700 left of 24k student loan
« Reply #1 on: January 02, 2015, 09:51:00 PM »
Congrats! Almost there!
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Annamal

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Re: Paid off $2500 today! Only <$700 left of 24k student loan
« Reply #2 on: January 02, 2015, 10:10:49 PM »
Well done!!!!
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MikeBear

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Re: Paid off $2500 today! Only <$700 left of 24k student loan
« Reply #3 on: January 03, 2015, 01:15:20 AM »
That is AWESOME!

Best feeling in the world...
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chuckaluck

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Re: Paid off $2500 today! Only <$700 left of 24k student loan
« Reply #4 on: January 03, 2015, 03:29:11 AM »
WOW!  I predict you'll soon be getting the best sleep of your life pretty soon. 
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Songbird

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Re: Paid off $2500 today! Only <$700 left of 24k student loan
« Reply #5 on: January 03, 2015, 12:46:21 PM »
Way to go! What a wonderful feeling. I can't imagine how that last payment will feel!
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trailrated

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Re: Paid off $2500 today! Only <$700 left of 24k student loan
« Reply #6 on: January 03, 2015, 01:08:53 PM »
It is going to be crazy when you get your paycheck and get to keep most of it! Keep up the badassity!!
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malacca

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Re: Paid off $2500 today! Only <$700 left of 24k student loan
« Reply #7 on: January 03, 2015, 01:14:39 PM »
Great. Get out from under those crooks as soon as you can!

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RelaxationSpecialist

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Re: Paid off $2500 today! Only <$700 left of 24k student loan
« Reply #8 on: January 03, 2015, 05:59:20 PM »
Yewwwwwwwwww!!! Congrats! Keep up the strong work!
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MBot

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Re: Paid off $2500 today! Only <$700 left of 24k student loan
« Reply #9 on: January 04, 2015, 12:05:39 AM »
Thanks all! We've been making deposits at ATMs to avoid fees from online transfers to the bank. Time consuming.

My husband commented that when this is over, we never have to visit a bank again to make a payment. Everything else for our other student loans and savings and banking is online! And no fees. Woohoo.
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Murdoch

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Re: Paid off $2500 today! Only <$700 left of 24k student loan
« Reply #10 on: January 09, 2015, 03:33:31 PM »
Well done MBot. Keep the inertia going and smash those other loans.
Each piece of the pie known as debt that you gobble up actually makes you lighter:)

Murdoch
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Wow, a phone plan for fifteen bucks!