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Wednesday, August 11, 2010

And The Countdown Starts - 10...9...

Waiting is not my strong suit. I am pretty impatient actually. I like things to be done right now, maybe even yesterday. One area this happens all the time is with my bills.  Any time I receive a bill I like to pay it immediately. I'm not one of those that wait til the due date and then stick it in the mail. I'd say it's because I don't trust myself. What if I forget about the bill and spend the money allotted to paying it!? I just can't take the risk so I pay it almost immediately. (I'm always checkin' my accounts online to make sure there isn't a new balance yet. a little OCD...perhaps.) So, needless to say I was big time nervous when I reported in the last post that I had $600.00 I was setting aside to put with my monthly payment that wasn't due until yesterday. I sat with an extra $600.00 in my account for 2 weeks and it killed me! I know it would have been the same if I paid the $600.00 then added another payment later, but I just wanted to see the significant leap in the balance when I made that BIG payment. crazy, I know. I can't tell you how many times I thought about going ahead and paying the $600.00 towards the loans. I also can't tell you how many things came along or popped into my head of what I could do with that $600.00!!! It was sooo tempting to tap into. But, I am pleased to say I exercised self-control over those impulses and desires and now I have a great report to reveal.  I just checked online and the current balance is down to...drum roll, please........... $ 9,791.31!! Yesterday I made a whoppin' $1,000.00 payment on those loans and it felt sooo great. And although it may be the toughest test of self-control I've had and will have, if I continue to put $1,000.00/month, I will be completely debt free in 10 months!! 10 months!!! June 2011, bring it on!

~the current numbers...
Student Loans  ---  $ 9,791.31