Hey everyone! Today I have a guest post to mark off the second week in my debt payoff series. I asked readers and friends to submit guest posts regarding anything relating to their debt. Enjoy! If you would like to participate, please e-mail me at email@example.com. Today's post is about a reader's student loans. Read further if you would like to read about my wonderful $38,000 student loan plan.
Almost eleven years ago I graduated with my Bachelor’s degree in Business Management and $15K in debt.
I was lucky to only have this much in loans as my parents for some and I had paid cash for two years myself by working summers in high school.
My husband had an additional $12K that he owed and when we married two years later we combined it.
Over the course of 6 years we made it a priority to pay these off. Every year when we got our tax money back we paid down on these loans. We started with the biggest one first (mine) and then used the money we saved on not having to pay mine and doubled down on paying his. [Read more…]