No. of Recommendations: 0
Hi Shawn,

These are all great points you've been given. I'll add my little 2 cents too.

My student debt situation is very similar to yours. I finished the grad school in 2012 and now a few years into this pay-off marathon.

It's one thing to build a plan to attack this, but it can be almost torture to stick it through...I tend to update my podcast app with a few Dave Ramsey shows weekly and listen to those to keep motivated and focused. Over time there are so many distractions that will want to get between you and your debt snowball plan.

Also, my interest rates were all equally awful, so I attacked the smaller balances first. Easy victories are motivating...

Keep an eye out for extra ways to come up with cash to throw at your debt. Here's an idea, create an inventory of things around the house, garage, parents basement to sell on amazon and ebay. You'd be surprised where an extra 2K over time can appear from!

You can do this!

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.