I woke up this morning, checked my Mint.com balances, and saw THIS:
ONLY $1,000 LEFT UNTIL MY STUDENT LOANS ARE GONE.
Pardon my French but HOLY SH*T.
Naturally, I started doing this:
Why is this such the big deal?
Well, when I first graduated from school four years ago, I had over $30,000 in student loans. Even this time last year I had over $15,000 in student loans. That means I’ve paid off almost $15,000 in debt in one year.
Now I have only two more payments until I’m utterly and completely debt free.
OH. MY GOD.
Becoming debt free didn’t feel like it could be a reality until this morning. I know I’d made a commitment to crush this debt once and for all and become completely debt free by the end of the year, but I don’t think it hit me until just now that I’m actually going to get there. And soon.
Yeah. I’m a little giddy 🙂
So… What Do I Do With My Money After I’m Debt Free?
That’s the question I’m asking myself now… what’s next? Paying off my debt has been a laser-focused priority of mine for four years. And soon (thankfully) that priority is going to disappear.
This is exactly how I felt after my 200 mile bike ride: I was super excited about accomplishing my goal, but I had no idea what I was going to do next! After I’ve wiped out this debt, I’ll be freeing up almost $1,000 a month. There’s so much I could do with that money… I just haven’t decided what I’ll do yet!
I think I have some ideas of where I want my money to go in my post-debt life. But I’m curious what you would do if you were me.
What do you think I should do? What would you do with your money if you didn’t have to make any more debt payments?
Interested in refinancing your student loans?Here are the top 6 lenders of 2018!
|Lender||Rates (APR)||Eligible Degrees||More Info|
|2.56% - 7.40%||Undergrad & Graduate||Visit Sofi|
|2.57% - 6.32%||Undergrad & Graduate||Visit Earnest|
|2.58% - 8.12%||Undergrad & Graduate||Visit Lendkey|
|2.80% - 7.02%||Undergrad & Graduate||Visit Laurel Road|
|2.54% - 6.65%||Undergrad & Graduate||Visit Commonbond|
|2.90% - 8.34%1||Undergrad & Graduate||Visit Citizens|