My Personal Debt Reduction- updated!

Posted by Mrs Money on March 16th, 2008


Personally I love when people post their debt reduction and savings plans. I am updating my debt reduction this morning. I decided to take some money out of savings and pay on our student loan debt. I’ve also consolidated it at a much much lower interest rate. The personal peace of mind is priceless to me, so I decided it was worth it. We do still have a nice “cushion” in our savings account, but now that our student loan balance is down to a more comfortable level and I know we aren’t getting eaten alive in interest, I’m going to start saving more money for our emergency fund, a new car, and also for retirement. I’m proud to say we are under the $10,000 mark, and I hope to get under the $5,000 mark by the end of this year. I’m going to take half the money I make online and put towards this debt, and the other half I will put in savings. I can’t wait to get this paid off!

Related Posts Plugin for WordPress, Blogger...facebooktwitterrssfacebooktwitterrss

If you enjoyed this post, make sure you
Subscribe to my RSS feed!


  1. Paying off my Student Loan! | The Ultimate Money Blog 23 04 08
  2. How We Cope with Recession Today | The Ultimate Money Blog 07 05 08
  3. Pay off that Student Loan Debt! | The Ultimate Money Blog 24 05 08

Leave a Reply

  • Archives

  • Find Us on Facebook!

  • Categories