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

YBP

2 comments:

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?