The last credit card payment is scheduled for August so I have begun sending extra payments to the student loan this month. $500 extra per month just makes the 2 large payments later a little less massive.
Thanks to the purchase of the road bikes, our summer spending has been very low, close to winter levels. We are too busy biking to spend money. Another month like this and the bikes will have paid for themselves in reduced spending.
Did the math and the car loan is not going to get paid off this year, it will have to wait till the end of next year as originally planned. It sets back too many of my other goals for 2014. You would think that freeing up the monthly payment would be beneficial but it just doesn't pay back quickly enough to justify it. Too many things need to be funded in spring 2014. Ah well, I knew it didn't make financial sense but it would have been nice.
Going to start chipping away at student loan
July 18th, 2013 at 03:02 pm
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