Comments on: Bring it on haterz

By: Carnival of Money Hackers – My Money Success Edition

Carnival of Money Hackers – My Money Success Edition — Wed, 18 Nov 2009 09:01:46 +0000

[...] ninja presents Bring it on haterz posted at Punch Debt In The [...]

By: Steph

Steph — Sun, 15 Nov 2009 00:56:55 +0000

As others have said, it's your personal decision what you do with YOUR money. You sound like you've got an actual plan, and you're not merely deciding to slack off on paying off your loans.
And if you're hoping for this job/house situation (fingers crossed for you!), you could maybe check out the average house prices for the area you'd live, which would give you an idea of how much you'd need for down payments, monthly mortgage payments, and other expenses. That being said, you will need to compare the costs down the road (house, wedding, etc.) with when you'll actually have enough money to pay for it. Just thinking of these random things…

By: Bucksome Boomer

Bucksome Boomer — Fri, 06 Nov 2009 18:17:09 +0000

It's called PERSONAL finance for a reason. You gotta do what works for you.

Student loans have "reasonable" interest rates and you're saving to buy a home. No better reason not to pay off Sallie now.

By: Single Guy Money

Single Guy Money — Fri, 06 Nov 2009 02:35:28 +0000

Keep the cash buddy! I have around 40k in cash and about 22k in student loans. Yes, I could pay it off too but that's not in my financial plans right now.

You have to do what feels right and works for you.

It's a low rate loan and you are probably able to deduct the interest.

By: gwenavyre

gwenavyre — Thu, 05 Nov 2009 22:20:17 +0000

This is a crazy plan! No alcohol!!! You're nuts!

By: SS4BC

SS4BC — Thu, 05 Nov 2009 03:37:12 +0000

Courtney! So sorry you didn't catch on to my blog change. I tried to let everyone with a blog know that I had switched over when it occurred, but I didn't want to make a post about it on the other blog because of the nuisance of a labmate who found it and decided to send it off to people that he shouldn't have.

Sorry you fell through the cracks. =(

By: DogAteMyFinances

DogAteMyFinances — Thu, 05 Nov 2009 00:51:38 +0000

Sallie is a nasty bitch, and if you don't rough her up, she'll never leave. If anyone deserves a punch in the face, it's her.

That said, this seems like a good middle ground.

It didn't work for me because I always found it so hard to feel comfortable. I kept waiting for that magic number, and for me, it was 0. For you, maybe it's more than double payments.

By: myprettypennies

myprettypennies — Wed, 04 Nov 2009 21:29:15 +0000

You IDIOT!!!!!!

No, I kid. I think this sounds like a great plan. I am pretty curious about this "possible job house benefits" thing. That's pretty sweet… but I'd also be very skeptical and make sure it's a wise investment. Sure it may save you some cash up front, but will it be a good thing in the long run?

I'm more of the "get rid of debt" perspective myself, but I'm also paying my parents back and it's relatively small so we differ on that end. And as always… soo exciting about #2!!! I confess my heart skipped a beat when you said you won't be single anymore… just waiting for that day to hear "we're engaged."

By: Anonymous

Anonymous — Wed, 04 Nov 2009 19:16:46 +0000

Thank you for blowing her cover! I was still checking the old site everyday waiting for the return! I definitely live under a rock.

As for $500/month, I am all for it. If this was credit card debt I would feel differently, but if you didn't start saving now you would just be exchanging 'good' student loan debt now for yucky credit card debt from your wedding later.

- Courtney!... who is now going to go catch up on SS4BC! so much for a productive work day

By: Jessie

Jessie — Wed, 04 Nov 2009 18:34:56 +0000

It sounds like you've really though this through – you're right that personal finance is personal – so it's your decision to make.

I'm trying to map out my 2010 repayment plan for my student loans and it's hard to decide what's more important. Being debt free or having mega savings.