Debt Be Gone!
Thursday, October 16, 2008
I *think* I finished paying off one of my student loans!
I put the “I *think*” in there because it all depends on my new surrogate bank not failing. So assuming that the financial world doesn’t completely collapse by Monday, I’ll have finished off one piece of major debt! And it was the private loan with a variable interest rate too! Though honestly, with the Fed cutting interest rates to nothing, I think my variable interest rate ended up being better than my fixed interest rate on my other loan.
Wow - I looked at what I just wrote and realize that a couple years ago, if I had read that, I would have had no idea who or what it was talking about. Truly, there’s nothing like economic crisis and the financial world going down the toilet to act as a quick tutorial on loans and savings! Woohoo! Truly, a silver lining to this ugly cloud! LOL
So now I have freed up some capital to put into....a mutual fund? My 401K? Buy stocks? Government bonds? Or how about some property? Oh shoot. I might as well just stick it under my mattress or maybe use it as toilet paper.
So I “paid off” one of my loans a few weeks ago. Turns out either I or they miscalculated and so I *literally* still owed them a penny. It made me laugh so I left it that way for about a week or so before they decided that they’d rather forget the whole thing, since my minimum payment was nothing for at least the next 2 years. Makes me wonder how much one can get away with stiffing their loaners. On the next one I’ll try 10 cents.
Posted by on 10/18 at 02:04 PMCongratulations, you lucky peeps!! We hate you! But we’re so happy for you!!
Posted by on 10/20 at 04:52 PM