Woo Hoo, A Student Loan Paid Off!
Written by HERS on May 14, 2008 – 3:02 am -Well, the remaining balance was only $311 but it felt so good when I made the last payment online today it felt so good. I had the payments set up to debit out of my checking account automatically each month which made it really easy to avoid any late payments or missed payments. Unfortunately having the payment taken out each month automatically also makes it hard to make extra payments since you aren’t making a manual payment each month.
The key for me was having online access to my account where I could make extra payments online easily and quickly. Every once in awhile I would go online to check my balance and would be compelled to make some sort of extra payment while I was one there.
So, in the last few months I have been making payments in excess of $300 and now it’s GONE!!!! One down and three to go! So the most important things to do:
1. Set up your payments automatically, even one late or missed payment can negate a entire month’s payment.
2. Set up online access to your account to view it at all times.
3. Log on online and view it often, while you’re there make an extra payment!
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Tags: Debt, Hers
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May 14th, 2008 at 11:06 am
That’s awesome!
I can’t wait for the day that we can say the same thing… unfortunately it will be a while.