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Author: bigcaat Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35258  
Subject: Re: Anybody hear this one? Date: 12/21/2001 7:59 PM
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If you want to put extra cash to good work, as Fools do, pay down debt and then you won't have to worry about a big cash balance.

I'm so proud of myself. In April 1999, I owed $23,600 on my student loan. As of today, I owe $6,600. That seems almost manageable. I'm not sure I'll be able to keep putting in an extra $500/month when the new year rolls around, if I want to be able to also contribute to both our roths, but even putting in a couple of hundred every month, I think, will help because I've gotten the payments down low enough that no more than $32.00 /mo. is going towards interest. I can't wait until it's paid off. Then, the only other debt we have is our mortgage. (I also try to add a couple of hundred to pay down the principal there, too.)

It's tough saving money when you don't make much. At least I've learned enough in the last couple of years to get my priorities straight.

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