People have asked me how I've been lately (for some strange reason), and I've simply been telling them that it's been "an interesting week". Truth is, it's been more like a bad dream. I keep expecting to wake up and find tpau asleep next to me, ready to be woken up and ease me out of the banal nightmare. Anyway, I slept at my parents' house for the first time in six months last night, and I find myself at work before 8:00. There were days when tpau and I were still in bed at 8:00.
So, I'm down to just the one student loan group over at Sallie Mae. It's currently at just over 7% interest and about $10,000. For some reason, I don't have any bills due until November, but I've been paying $200 a month (Even when Nov. comes around, only $180 will be due). Many of the people reading this have experience with loans, both student and otherwise. On the one hand, I'd like to keep paying it off, as making payments nets me money in the long term due to the difference in interest between the loan and my savings account. On the other hand, I'm saving up to buy into Camelot (i.e. a condo), which means I need money in that savings account in the short term. What do you suggest I do and why?
What should I do with my student loan?
Continue paying every month
Wait until payments are due again
When making payments, I should...
Pay the minimum
Pay a regular amount larger than the minimum
Pay with every spare penny