4/15/2010

$300 bi-weekly

Posted by with 6 comments | in ,
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.

Related Posts:

  • Debt UpdateSo far so good in that we're sticking to the plan, as of today we're under $10,000 - here is the debt breakdown: This is what we have left for payments: You can see that Jordan and My credit card are now under their 1/3 b… Read More
  • Debt UpdateAs of today (Jordan's pay day) we have made our last large payment for the month of August towards our debt and have so far only used our credit cards for gas and groceries as we committed.  I know it's only been a … Read More
  • CC DebtWe owe.... $18,860...combined on three credit cards don't judge us..... okay, maybe judge for a minute. it's okay, i'll wait... http://www.worldquest.org/?p=2218 okay...enough judgement. Come on, we just bought… Read More
  • 'the plan'If you missed our omission of debt guilt, check out Friday's post...it's a doozy. Here's 'the plan' to get out of the $18,860 debt hole that we're in. 1. Stop using Credit for 'entertainment' Jordan and I agreed on step one… Read More
  • Little ThingsAs part of 'the plan' Jordan and are are going through recent credit card transactions as well as our checking accounts and looking for auto transactions that may be adding to the debt load with out us being fully aware. &nbs… Read More

6 comments:

  1. Jolie15 April 2010 at 07:25

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

    ReplyDelete
  2. Alyson15 April 2010 at 07:44

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

    ReplyDelete
  3. Jessie15 April 2010 at 08:13

    @ 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.

    ReplyDelete
  4. Mom15 April 2010 at 14:35

    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.

    ReplyDelete
  5. eemusings15 April 2010 at 16:08

    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!

    ReplyDelete
  6. Morgaine15 April 2010 at 21:37

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

    ReplyDelete

Hi! Thank you for stopping by and leaving a message.

Subscribe to: Post Comments (Atom)

Links ♥

Followers