tag:blogger.com,1999:blog-378291834535464792.post3592287473724444882..comments2019-09-28T14:27:49.845-04:00Comments on Fecundity: Student loan issue resolved...at least for nowFecundityhttp://www.blogger.com/profile/07357725319777178709noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-378291834535464792.post-610694987649786322007-11-15T09:59:00.000-05:002007-11-15T09:59:00.000-05:00Thanks very much for the comment.What you do first...Thanks very much for the comment.<BR/><BR/>What you do first financially really depends on your current goals and desires. <BR/><BR/>We already have a house, a small retirement savings and some stocks. We both have comfortable incomes. We have no credit card debt. We're starting a family in (checks watch) seven months, and so it's become very important to us to get rid of (or at least significantly reduce) the last of our 'bad' debt.<BR/><BR/>Our expenses will go up when the baby arrives, and I want to reduce the avoidable ones as much as possible. Just in case. <BR/><BR/>Your goals are probably different, but keep in mind that while you're only paying interest, you're doing nothing for your net worth. The loan continues to sit there, never getting smaller. Even a small increase in payment can make a difference. $5 a month extra gets you started on the principal. That's about Rs 200. Or just 100, or 50 if that's all you can afford. Whatever amount you choose, if you can set it up to transfer out of your bank automatically on payday, you'll never notice it's gone.<BR/><BR/>I think my husband may already be planning a CSL statement bonfire when it's finally gone. I imagine there will be dancing involved. Really really bad dancing.<BR/><BR/>Maybe I'll buy another fire extinguisher. Just in case.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-378291834535464792.post-36597582194010546072007-11-15T07:33:00.000-05:002007-11-15T07:33:00.000-05:00Nice post, I too have a student loan for quite a w...Nice post, I too have a student loan for quite a while now, I am regularly paying interest on that though no principal payment. I wan to create assets first and then to pay my students loanAnonymousnoreply@blogger.com