$ Let’s Talk Money – The Finale

It’s been exactly 4 years since both Ryan and I graduated from college and to celebrate this milestone we have a happy announcement to make…

… our student loans are officially paid in full!

That’s right! The balance due no longer reads $43,000; a big beautiful zero lives there now.


We’re pretty proud of what we have accomplished and look forward to attacking the last bit of debt we have – an $11K car loan.

Hopefully our journey (which you can look back at here) can help and inspire those of you still in the debt-payoff trenches.

One final tip: if you can afford to be aggressive about eliminating debt – do it!

The majority of our loans were at 6.8% interest. By paying off the loans in 4 years we ended up paying “just” $6,300 in interest. Compare that to taking 10 years and we would have had to pay $16,700 instead (gross!). Destroy whatever interest you have already accumulated so you can decrease the principal ASAP – that’s key!

We ultimately found success by trimming our expenses, sticking to a budget, building up an emergency savings stash and not touching it, living off one income while using the other to pay down debt, and finding free or inexpensive ways to have fun (so we didn’t go crazy during this payoff process).

However, there are many ways to tackle debt and as long as what you’re doing is working, that’s all that matters. Stay strong, stay committed, and keep up the hard work, guys!

The light at the end of the tunnel is real and it is glorious.


8 thoughts on “$ Let’s Talk Money – The Finale

    • Thank you! :) It’s so freeing! And you are right, loans are stressful – like obnoxious heavy clouds over you everyday. Glad to be rid of them!

      On Thu, May 7, 2015 at 9:43 PM, Mr.C & Me wrote:


  1. Congrats on this huge accomplishment! My husband and I are also on a journey to eliminate our debt but have a looooong way to go! It’s so inspiring to see someone on the other end!

    • Thank you, Carrie! We’re really proud and are looking forward to squashing the rest of our debt and being able to travel, build up retirement/investments, etc. Best of luck to you on your pay-off journey, it’s challenging and takes a lot of hard work, but the end is well-worth it. :)

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