Friday, November 14, 2008

I love Payday

Today is big paycheck day. I get paid my school district paycheck today plus I will deposit my tenants rent money in the bank. My mortgage payment and my Roth IRA contribution come out on Monday as well as a few other bills... the rest will go right into savings.

I am thinking about paying off all my student loans except for my big consolidated one. The interest rate is 4% on it, and in 2 years I will have another $5000 forgiveness from the government to apply to it, and after 10 years of steady payment the balance will be forgiven. What do you think? Should I just plow through it and get it paid within these next 2 years or slow and steadily pay the minimum?

until next time, think prosperous thoughts



oldwhiteandpoor said...

My landlord loves payday loans.

oldwhiteandpoor said...

Would you love payday loans if they meant the difference between getting or not getting the rent on time?