As of today, I'm 100% debt free! And will be that way until we get a mortgage later this year. It feels good!
I had been making regular payments - twice the minimum, but it still would have taken several more years to pay off my two student loans.
We have decided to get an FHA or, more likely a VA home loan (James was in the Marines), meaning that we don't have to use much of our savings for a large down payment on a house. So I just paid my loans off to be done with it and avoid paying more interest.
We have decided to get an FHA or, more likely a VA home loan (James was in the Marines), meaning that we don't have to use much of our savings for a large down payment on a house. So I just paid my loans off to be done with it and avoid paying more interest.
That's two less bills every month (that I can put back into savings)... yay!
See my list of 100 goals to accomplish by my 30th birthday here.