Using a windfall to pay off debt

pay off debt, financial windfall, extra money
When I went to do my weekly banking this week, I got a great surprise – an extra $260 from my previous job had been deposited into my account unexpectedly.  I’m not entirely sure why I got paid, but I suspect it’s retroactive pay due to a salary increase that had been in negotiation while I was an employee at the university.  Woohoo! Photo Credit: Images_of_money via Flickr Any...

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Posted in: Credit and Debt

Student loans paid off!

Student loans, student loan paid off, debt free, financial freedom
Last month I reached a major milestone towards financial independence – I paid off my Student Loan! I graduated in April of 2008, so all in all, I took 3 years and 10 months to pay back $13,000 to the government. Had my friends at the National Student Loan Service Centre had their way, it would have been over 8 years before I had repaid my loan in full and I would have paid much more in interest...

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Posted in: Credit and Debt, Money

Paying off my student loans

student loans, paying off student loans, debt freedom, paying off debt
According to Statistics Canada, over half of Canadian students graduate from post secondary education with an outstanding government student loan. As you know, CF graduated with a large student loan, while I owed less to the government but more to my parents. On average, we had as much debt as everyone else.  Not very appetizing for a couple who prides themselves on being different!   Photo Credit:...

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Posted in: Credit and Debt, Money

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