i posted about 8 months ago about my situation. I am a 25 year old who makes 50k a year but had 47k in student loan debt. I was wondering if i should take the money i had saved (about 15k) and invest it or pay down my loan. I decided partly from advice in this sub that i should concentrate on paying my loan down. Last month i paid down 15k and yesterday i paid down another 1200. I have decided that instead of making the 400$ minimum payment i would pay 1200 per month to stay ahead of the accruing interest. i now owe $31,500 which is a 33% decrease in about a year. Im not done yet but i just want to share my story and say that making that first step to tackling the debt can make you feel really good about it and give you confidence to continue down the path.
Submitted July 14, 2017 at 02:35PM by BCN10 http://ift.tt/2tUgTkk
