Monday, February 23, 2009

Debt Repayment Decision: Part 2

I finally got my tax return! After thinking long and hard, I finally decided to just go ahead and put my extra money towards my citi student loans. These loans have the highest interest rate so it just seems to make the most sense financially. I'm going to wait until the payment actually clears to motivate my debt reduction tickers in the sidebar. I've also come up with a new goal for myself and that is to get this particular loan to under $10,000, which would make it just over halfway payed off. I figure as long as I can stay on track with the payments I have set for myself, there is no reason why I should not be free of student loans in 2.5 years - maybe sooner if I can figure out some new ways to gather extra income. In that time I will only be 26 which would be perfect because I would love to be a homeowner then too. Okay, so maybe that is not totally realistic, but I can dream can't I?

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