We Did It - No More Student Loans!
As I heard the garage door open, I grabbed my papers and ran downstairs to meet my wife and two older kids. I put the two papers on top of the new box and went to the door to meet them. "Quick - come in, I have something to show you." As we all came into the kitchen, I said, "I have good news and I have great news, which do you want to hear first?" "Start with the good news, of course," my wife replied. Click here to continue reading…
Am I Stupid to Pay Off Our Student Loan?
First, I have to apologize - we are not allowed to use the word "stupid" in my house. It just slipped out - honest. 
Anyway, what I really meant to ask is "am I silly to pay off our remaining student loan?"
We have one student loan left
When we moved from the southwest back to the east coast, we had just completed paying off all of my student loans. That left us with (from highest to lowest balance) my wife’s student loans, a mortgage, and two car loans. As seen on my story page and the first checkpoint post , that was the point in time where I started to get really obsessed with paying off all of our loans and getting rid of everything except the mortgage. Click here to continue reading…
The Lesser of Two Evils: Determining Which Loan to Pay off First
The other day I was asked a good question: "We are looking to put some extra money towards prepaying one of two loans, so how would you go about determining which one to pay off?" Like most good questions, there is no easy answer. For most debt repayment questions, I would turn to Dave Ramsey’s debt snowball (pay off the loans in order from smallest balance to highest) or a similar technique (pay off the loans in order from highest interest rate to lowest). But this person was asking a slightly different question. Click here to continue reading…
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