Tuesday, September 11, 2007

Slaying the demons of debt one nickel at a time

Thanks to last Friday's bonus, $32 more was paid on my student loans today. Take that Great Lakes Higher Education beast! You will die... hopefully before I lose hope in ever paying you off. It would have been much more satisfying if the whole amount could go to principal, but they always apply it to accrued interest first. The regular payment was due on the 5th, and between then and today they have accrued $12.04 in interest. So at least the total should go down by almost $20.
Billpay sent the extra check to my Roth for $32 yesterday, but the brokerage always takes about a week to get the check and cash it. It will be a while before that money makes it to its new home.
I'm going to send the remaining $32.25 to my citi card sometime in the next week or so, to offset the expenses I'm sure I'll incur when I get to Rolla, MO in October. I sort of feel like I should hang on to the money in savings and earn interest on it, rather than let the CC hold it for me interest-free, but I know myself. Once the money hits the savings account, it becomes earmarked for DR, and I'll be rather tight-fisted when it comes time to send it to pay the CC bill in October.

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