Madison MoneySports - Personal Finance Thread

[Kaan]

i'd ask you to define "wayyyy too much" .... part of my ramping up retirement over time had to do with student loans. if you dont WAY over pay they stick around a pretty long time. I was fortunate to pay mine off before i was 30, but after mine were done I did help my brother out with his (yay for mid life career changes). paying them off made life "easy" to turn it into retirement savings... and race car life.

Ugh, we are going to be paying my wife's grad school loans for another 10 years

so Sylvia was trying to get into the federal forgiveness program (almost all of her coworkers are counting on it)... and then we found out that there is a 1% chance to get them forgiven lol... not happening... but it would have been nice if her private school masters was forgiven!!! 

100% feel your pain on this. we looked really hard at our monthly budget... cut out about $300/month (cut the cable cord and changed up some grocery habits) of extra fat, and now throw that on her loans. we have 2 years left (at mortgage payment levels).... obviously if i quit racing (i actually have a budget for this though) and stuff it would be faster, but we are still trying to have fun and max save. 

we just killed PMI on the house from the OLD FHA program... that money will get turned right around on her loans too... once the student loans are gone we will aim at the house.