As I sit here writing this post I cant help but be excited. We are one step closer to being done with Dave Ramsey’s baby step #2.
This terribly annoying student loan is long gone and I wont EVER look back! It was a $6000 loan with only 2% interest but it felt like it was the hardest debt to get rid of. I felt for a long time that it was no big deal because it was “good” debt and it had such a low-interest rate. They…whoever they is… make the student loan repayment program to last your entire life. The payments are so low that if you don’t get down and dirty with your payments you’ll never pay it off. I’m exaggerating of course but they really do last forever.
I sent my final payment for $1624.78! Woooo Hoooo! I have had this nasty Sallie Mae account for 10 years!!!! Can you believe that?
So the good news is it’s finally paid off and long gone. Want to know the bad news?? I never finished school. 😦 I started making money and wasn’t interested any more in school. I never enjoyed it. At this point of my life I long to go back to school. I know I’ll go back in the next few years when the time is right.
I know every time I write about money I go on and on about how much I love the Dave Ramsey baby step program but I can’t help it. My husband and I have made huge leaps financially in the last few months because of it and of course following a budget has helped a lot. In the past we would have come across our tax refund or any other lump sum of money and blown it on toys or something. But this year we have been extremely responsible and diligent with our money. I cannot wait for the day that my husband and I can call into his program and do our debt free scream! I listen to Dave’s program almost daily and I always get emotional when I hear other families debt free stories. It’s amazing to hear people take control of their lives. It is so freeing.
Next debt to payoff: $1,567.44 in a truck loan