I know student loans is something we all deal with at some point in life, especially after finishing school. Sallie wants her money, and how could I blame her? College is fun. AT the same time, I know people struggle with this after realizing how much you end up paying back after interest. YIKES!
The solution, pay it off first. I have decided that things like a new car note and that condo I've been eying can wait until this is cleared from my mind, body, and soul. It would be such a stress reliever knowing this bill won't hinder me from buying a home or yacht (lol) in the future.
The way I'm doing it by eliminating all of the interest from my balance, and just paying on the balance for the next 2 years. This should kill the balance and save me tons of money in interest, close to 50 grand. That's a lot of dough.
I just found out about this "Financial GPS", that calculates how much you need to pay per month to fulfill your goal of paying off any debt (student loans, mortgage, car, credit cards, etc.). It's pretty helpful, I would assume if you're trying to live a debt free life. That's one baggage that isn't sexy bringing into a marriage. I called the number, got a free savings analysis, and started immediately. It took little over an hour to gather ALL of my student loan info, and other debt that I had like credit cards and whatnot, and started putting together a system for myself to abide by for 2 years and 4 months. It was a no brainer.
1 (800) 224-1053
ext: 992569
I figured many of you may have wanted to do the same thing. The phone number is above and use the extension number. Also, it would help if you filled this out before you decided to call.
Get the Document Emailed To You
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