Thursday, July 17, 2014

One Down!!

Two weeks ago we hit a big financial milestone that I never shared: we paid off the first of my husband's student loans!!

We hit the jackpot when I got paid for summer school and he got his first paycheck from his internship at the radio station. I was able to beef up our savings account by about $1,300, and put a little more than that towards his loans. We paid off his first loan and put over $1,000 towards the second one. YES!

My goal is to get the second loan paid off by the end of this year, leaving us with three to go. I'm doing the Dave Ramsey method of paying them off smallest to largest, so after the second one, our progress may slow a little. Also, I hear kids cost money. But, I feel really good about adding to our savings and make progress on our debt.

Tomorrow is my husband's payday, and I should have a bit more summer school money coming in any day now, so we should be able to make another loan payment and save a bit more. Holla!

3 comments:

  1. Congrats!! Kids are expensive, are you having one? ;)

    ReplyDelete
  2. Replies
    1. Wow! I guess I totally missed that. Congrats!

      Delete