Not long ago I made the last repayment to my education loan and formally became debt-free.

Not long ago I made the last repayment to my education loan and formally became debt-free.

We paid $50,000 in six years while supporting myself (and my dog) and staying in downtown Toronto. I happened to be so happy with this success that We shared it on social media marketing (because in the event that you don’t Instagram it, made it happen also happen? ), in addition to reaction had been amazing. I experienced therefore lots of people reaching off to require cost management tips, and I also could really have the hopelessness in a few of the communications. I understand that feeling well — you get to sleep with all the fat of financial obligation in your upper body, and wake every morning up to hold it around on the straight back. Here’s exactly just what we learned on trying to repay student education loans, fast.

* I thought it might be crucial to notice that Full Report throughout this post i will be talking about education loan financial obligation. I would recommend tackling your credit card debt first as the interest is usually much higher on a credit card than a student loan if you have both credit card debt and student loan debt