This past week I was way too busy to spend any money. I didn't even buy gas or grocery shop. I know my husband is out there shopping - so money is being spent, but that's ok. We've got to eat!
So I've been looking at all of our payments and debts and stuff. One major thing I'd like to accomplish is getting rid of my student loans. I was just looking at student loan info and we're paying $60 in interest every month on one of them, and the other one is about half. We're paying $100 bucks in interest every month and that makes me sad.
Besides paying them off faster - and lowering the interest by lowering the principal - is there anything else we can do? Does it benefit our family to pay them off faster? Isn't student loan debt, "good debt"? Don't we get a tax break for this interest? I need to look into it. I consolidated my loans when interest rates were high, is there a way to get a lower rate? Would a personal loan be better, would a home equity line of credit help us?
If you have any ideas for me, please let me know because I'm going to start working on this problem. $100 is a lot of money to be "wasting" every month on interest....
