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Extra Money Towards Debt

April 22nd, 2007 at 08:15 pm

As we are done with expenses for the month (Any "surprises" would come out of our emergency fund.) I found an extra $200 to put towards school loans for the month above the $250 we're already paying.

I also have enough cash to pay for the summer session of school and am working on saving up enough to pay cash for the fall semester.

We've also been saving regularly towarsd our Roth IRA. Not to the maximum, but right now that's not something we can do, as the budget is too tight.

If we can keep up this great pace and put 90% of my take home pay (after school gets out) towards paying off debt, we'll be done in less than 5 years from now. That's a great feeling.

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