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It's official!

March 16th, 2008 at 12:48 pm

My small student loan through Sallie Mae is paid off!! I mean, I sent them the final payment ages ago (it seems). I made it online after first looking to see what the 10 day payoff amount would be, but when I entered that amount it told me I couldn't enter more than the 5 day payoff amount so I changed it. Must have had something to do with paying it off online instead of mailing it in. At any rate, it seemed for a few weeks my account stayed at a -$0.06 from the difference between payoff amount and amount showing as current balance. But as of yesterday that is all behind me. Yipee!

Of course now I still have my $30k one at Wells Fargo but one step at a time.

In savings related news, I've decided that once each of my online savings accounts reaches $500 I am going to stop contributing to them and instead take that money I was socking away and use it to pay stuff down. I have to have the $75 auto transfer for my brick and mortar bank but I'll just transfer the money back later.

7 Responses to “It's official!”

  1. CRAZYLIBLADY Says:

    That's terrific. I remembered when I paid mine off in August 2004. It was like I won the lottery. I started socking money away into savings in preparation for moving after finding a new job. Since then, I have had a few ups and downs, but I do not regret having paid it off. I am grateful for the many blessings I have and I look forward to the future when I will buy a house. I should have a newer car in around 3-4 weeks, and I will get it as a trade so there are no payments.

  2. boomeyers Says:

    Congrats and hooray! You are doing so well! Keep it up! Smile

  3. frugalhousewife Says:

    Congratulations! Every little step gets you closer to your goal.

  4. Thrifty Ray Says:

    That has to feel great! Good for you- your hard work and determination are paying off! (pun fully intended!!)

  5. mackybethsmommy Says:

    Congrats to ya! I know it feels great having the weight of debt lifting off of you.

  6. HouseHopeful Says:

    Great job on the payoff! I can't wait to say the same!

  7. Maria Says:

    Congratulations! Student Loan debt is always nice to pay off! How inspirational!

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