Money After College » Student Loans http://www.moneyaftercollege.com Financial Advice for Students and Recent Grads Wed, 03 Jun 2009 20:03:42 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Consolidating My Student Loans is Saving Me $110 per Month! http://www.moneyaftercollege.com/2008/12/11/consolidating-my-student-loans-is-saving-me-110-per-month/ http://www.moneyaftercollege.com/2008/12/11/consolidating-my-student-loans-is-saving-me-110-per-month/#comments Thu, 11 Dec 2008 17:01:47 +0000 Jocelyn http://www.moneyaftercollege.com/2008/12/11/consolidating-my-student-loans-is-saving-me-110-per-month/ debt.jpgI got my student loan consolidation verification forms in the mail yesterday, and I am officially saving myself $110 per month on my loans.  Yay!!!  :D

This means I will be able to pay off the rest of my credit card debt within the next 6 months or so.  I’m so psyched about having ZERO credit card debt!  It seemed like an impossible task just a year ago, but I’ve kicked ass in the last 9 months and paid off $7,500 in non-student loan debt.

Once I’m done with my credit card debt, I am going to build up a small emergency savings fund.  After that, I am throwing everything I have at my student loans.  I am finally starting to feel like I have everything under control regarding my finances.

I found this great Debt Reduction Calculator at the Vertex42 site.  This spreadsheet gives you an excellent idea of your debt payments, including estimated pay off dates for every account!

Photo credit: Daveybot

]]> http://www.moneyaftercollege.com/2008/12/11/consolidating-my-student-loans-is-saving-me-110-per-month/feed/ 0