4/15/2010

$300 bi-weekly

Further to my post last week about the eventual demise of my Alberta Student Loan, I have changed my repayment plan on my loan.  I was going to just do extra payments through onilne transfers but, after thinking about it some, I thought that was too easy to not do.

Effective May 14, 2010 my default payment will be $300 bi-weekly.  From the spreadsheet below, I will just have to make one extra payment of about $15.00 to have my loan paid off before Christmas, 2010.

So, I'm pretty excited about that and pumped that I won't be able to cop out.

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6 comments:

  1. Oh that's not far off at all. A very exciting, very realistic goal!

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  2. That's a good way to go about making sure it happens. :)

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  3. @ Jolie - Thanks! I don't think that I've always made my goals realistic, so I'm happy this one is.

    @ The Financial Catastrophizer - Thanks! I figured If I didn't set up the auto payments I would find 'reasons' not to actually do it... and then I'd just be mad at myself later on.

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  4. Woohoo! You go girl! Can you imagine having all that income freed up when the loan is done? Of course you can. That's what you do. Well done.

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  5. I definitely agree. For months I planned up to up BF's car payments. Did I? Never. Anyway, it's paid off now - which reminds me a post is due on that!

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  6. That's awesome news Jessie, keep up the good work! :)

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