As of tomorrow, Sept. 1, 2010, the first debt in my husband’s and my Debt Snowball will be gone. It was our smallest student loan, and now with my loans consolidated, it means we’ll only have two student loan payments per month–one his, one mine. Woo! Take that, MyFedLoan.org.
It may not seem like a big deal, but Dave Ramsey’s promoted idea is that money is more about emotion than ‘head knowledge.’ Even though that little student loan was our smallest payment each month, and our lowest interest rate, having it gone is just a relief, and pretty exciting having one less debt.