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- My spouce and i aggressively reduced from $80,000 in figuratively speaking inside pandemic.
- We possibly may was indeed best off spending that cash about future and trying to repay a lesser amount of.
- I decrease on the pitfall off demonizing personal debt, and i overlooked out on a lot of high solutions given that a result.
From inside the pandemic, my spouce and i decided to enjoy the student loan payment pause to pay off his over $110,000 in student education loans. I performed it with a mix of extreme Dave-Ramsey-sampling budgeting and you can declining really invitations in order to products, java, and you may dishes.
At first, we believe we had been profitable: We’d reduced over $80,000 of those by beginning of the 2023. But then I had several realizations you to definitely made me transform my personal way of our very own finances. Regardless of if I’m grateful you will find very couples college loans so you’re able to pay back, element of me regrets sinking plenty times on the paying down a balance that has been maybe not expanding, accruing appeal, or while making me anything back. Read More
