Saturday, April 02, 2011

Goal Change

I've decided that $6,000 emergency fund is enough. I will not add any more cash to my savings account for the rest of 2011. Why???? I am sick and tired of Sallie Mae. She has been on my back since sophomore year of college. That was quite a few years back. The monthly statement emails are annoying as heck. I don't like being annoyed.

My new focus will be to pay off Sallie Mae before the end of the year. This will require a payment of approximately $650 per month. Everyone else will be getting the minimum until I get rid of her. Sallie Mae is not my highest debt, it's not even the debt with the highest interest rate. However, it is the debt that bothers me the most. This decision is purely a psychological one. Financially it would make more sense to pay off one of the cc. Personal finance is just that 'personal'.

4 comments:

In Debt said...

You're right! It is personal and you gotta take care of the stuff that nags ya. Here's to knocking Sallie off her feet!

Credit Cards said...

Nice Way to put these kind of things, I enjoyed reading your blog. I love money saving ideas and this article really is interesting.

reci said...

You go mate!! Personal means PERSONAL

Happy Easter by the way!

Daniel said...

I didn't see another spot on your website but I really enjoy your content. I was wondering if you would be interested in allowing me to write a Guest Post for your blog in the near future.

Sorry for taking your comment slot and thanks in advance for replying.

Daniel
studentfinancialadvice.blogspot.com
studentfinancialadvice.blog@gmail.com