Money Matters
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AW: We're paying principal!

We just made a huge payment towards DH's SLs! 

DH wasn't able to and/or didn't want to make interest payments on his SLs for the first 7 years he was in school (ungergrad + grad), so there was a lot of accrued interest for us to start working on when we got married. We're still in school for a couple more years, so his loan is in deferment and the interest hasn't capitalized. So we've been making interest-only payments for the last 9 months.

Yesterday, we decided to get serious about these loans before we start saving for a house, so we put our entire house fund towards the loan, and we're throwing any extra money we have at it. This month, that was enough to pay off the interest accrued and start in on the principal! We're still a few years away from being able to pay off the whole loan, but this still feels so good. =)

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"You know you're in love when you don't want to fall asleep because reality is finally better than your dreams." - Dr. Seuss

TTC #1 August 2014. BFP 9/26! EDD 6/9/15
Baby A born 6/17/2015

Re: AW: We're paying principal!

  • Woo hoo! That's awesome news Apollo! Keep it up!

    TTC since 1/13  DX:PCOS 5/13 (long, anovulatory cycles)
    Clomid 50mg 9/13 = BFP! EDD 6/7/14 M/C 5w6d Found 11/4/13
    1/14 PCOS / Gluten Free Diet to hopefully regulate my system. 
    Chemical Pregnancy 03/14
    Surprise BFP 6/14, Beta #1: 126 Beta #2: 340  Stick baby, stick! EDD 2/17/15
    Riley Elaine born 2/16/15

    TTC 2.0   6/15 
    Chemical Pregnancy 9/15 
    Chemical Pregnancy 6/16
    BFP 9/16  EDD 6/3/17
    Beta #1: 145 Beta #2: 376 Beta #3: 2,225 Beta #4: 4,548
    www.5yearstonever.blogspot.com 
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  • Congrats! That is awesome news, and has to feel great! Good job and keep it up!
    image
  • Deez10Deez10 member
    Fifth Anniversary Combo Breaker

    Very nice!  Good work!

    Yes

    Lilypie Second Birthday tickers
  • Thanks, everyone!

    image

    "You know you're in love when you don't want to fall asleep because reality is finally better than your dreams." - Dr. Seuss

    TTC #1 August 2014. BFP 9/26! EDD 6/9/15
    Baby A born 6/17/2015
  • Amazing!!! I can't wait until we can say the same! :)
    Wedding Countdown Ticker
  • Paying off my FI student loans currently is one of the greatest feelings financially I have had! Getting past all of the interest was the most aggravating part. It will still be tough to do but knowing that you are paying on the loan itself makes it a lot easier to swallow.

    Congratulations!


    Anniversary
    Love: March 2010   Marriage: July 2013   Debt Free: October 2014   TTC: May 2015
  • That's fantastic! 
    Ella 8.6.11
    Carson 3.28.13
  • Congratulations. Great feeling. 
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