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Savings and student loan dribs and drabs

April 15th, 2008 at 09:18 am

My aunt Cam sent $20 in a card for Beanie's birth. I transferred it into the 529 plan. Every little but helps! Maybe in 18 years that $20 will be worth $25!

I also paid an extra $100 to the student loan this month. It's down to about $15,500. Considering I started with $40,000 in 2001, That's not too bad.

When I worked full time, I'd always used any extra freelance money I earned to pay down the loan. Some months, I put an extra $400 or more to it. My goal is to have it paid off in full in the next two to three years.

That's the news. Nothing exciting. We decided we are going to cash the Louisiana tax check and just hold the money in reserve in case it turns out to be a mistake. If it isn't I'll put some of it toward the student loan and some of it into the tiki fund.

2 Responses to “Savings and student loan dribs and drabs”

  1. terri77 Says:

    You've done great on paying down those student loans!

  2. Dido Says:

    In 18 years, that $20 gift that you put in the 529 plan will be worth $48, if you have it in an account at 5% interest ($80 if you have it in a stock fund and can manage an average of 8%/year over the 18 years).

    Belated congrats on baby bean's arrival!

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